Business rates discount for new offices and workspaces in Tottenham

Businesses that occupy new offices and workspaces can now apply for 30% discount on their business rates, lasting three consecutive years.

The scheme applies to businesses that occupy:

  • A newly built office and workspace put on the market for sale or rent for the first time.
  • New offices and workspaces created from converting underused warehouses or storage premises, and put on the market for sale or rent for the first time.

Over the coming years, a significant amount of new commercial space is set to be developed in Tottenham. This will range from new office space suitable for start-ups and growing firms, to workspaces, studios and laboratories that can be used for light industry, creative production and research activities.

Our special business rates scheme aims to support businesses to settle and establish themselves into the area.

Business rates for small businesses
You can get significant discounts on your business rates if the property you occupy has a rateable value of less than £12,000. From April 2017 this is to be extended to rateable values up to £15,000. 
Many of Tottenham’s smaller sized shop and office spaces along and off the High Road are eligible and benefit from small business rates relief.

Business rates for voluntary and community organisations
Charities and other not-for-profit organisations can get significant relief or discounts on business rates on the premises they occupy.

Tottenham has a strong voluntary and community sector, and our business rates discount scheme supports those organisations that are contributing value and bringing benefits to residents and the local area.

Our full business rates relief policy and the application process can be found here (external link) 

 

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