Under the 2017 Business Rates Revaluation, Lambeth businesses have seen the fourth highest rateable value increase in the country.
Many local businesses in Lambeth will face a rise in excess of 30%. In the Spring Budget, Central Government made available a further Discretionary Fund for Local Authorities to assist businesses affected by the 2017 Revaluation. The additional funds will facilitate a discretionary scheme to help businesses struggling to meet their new increased business rates charge.
Lambeth Council is now advising businesses to register their interest in the business rates local relief scheme. Unfortunately, due to limited funding in relation to our overall increase, funding will not be available to everybody and certain criteria has therefore has to be met.
Businesses can now apply for our local discretionary rate relief scheme using the link below. Please answer all the questions using a separate sheet if there is not enough space on the form.