11/12/2018
Help Paying Rates Offered For Businesses Affected By Primark Fire
Belfast business owners who have been adversely affected by the aftermath of the Primark blaze are being encouraged to apply for a subsidy to help pay their rates.
The fire broke out on 28 August and destroyed the historic Bank Buildings that housed the budget retailer, which has since reopened in Commonwealth House, but fourteen traders in the area were left unable to trade for almost three months due to a fire safety cordon.
Other retailers remained open for businesses but suffered a period of low sales due to a slump in footfall in Belfast city centre, which is expected to have dropped by 60%.
Land & Property Services (LPS) has contacted those affected with advice on how to gain help in paying their rates.
The Hardship Rate Relief Scheme for non-domestic properties is intended to assist a business recover from a temporary crisis, financial or otherwise, as a result of exceptional circumstances.
Anyone who applies for the benefit should continue to pay their rates while LPS considers the application, and a refund will be made if it is successful.
Submissions for those businesses hoping to benefit from the scheme must be received by 31 March 2019 at the latest.
In a statement, LPS said: "As has already been made clear, business owners who are experiencing cash flow difficulties as a result of the Bank Buildings fire are also encouraged to contact LPS to discuss an extended payment arrangement. While this will not remove any rating liability, it may assist with cash flow difficulties at this time.
"Immediately following the incident, LPS established a dedicated team to handle these cases and has been proactively working closely with Belfast City Council, relevant agencies and government departments."
(JG/CM)
The fire broke out on 28 August and destroyed the historic Bank Buildings that housed the budget retailer, which has since reopened in Commonwealth House, but fourteen traders in the area were left unable to trade for almost three months due to a fire safety cordon.
Other retailers remained open for businesses but suffered a period of low sales due to a slump in footfall in Belfast city centre, which is expected to have dropped by 60%.
Land & Property Services (LPS) has contacted those affected with advice on how to gain help in paying their rates.
The Hardship Rate Relief Scheme for non-domestic properties is intended to assist a business recover from a temporary crisis, financial or otherwise, as a result of exceptional circumstances.
Anyone who applies for the benefit should continue to pay their rates while LPS considers the application, and a refund will be made if it is successful.
Submissions for those businesses hoping to benefit from the scheme must be received by 31 March 2019 at the latest.
In a statement, LPS said: "As has already been made clear, business owners who are experiencing cash flow difficulties as a result of the Bank Buildings fire are also encouraged to contact LPS to discuss an extended payment arrangement. While this will not remove any rating liability, it may assist with cash flow difficulties at this time.
"Immediately following the incident, LPS established a dedicated team to handle these cases and has been proactively working closely with Belfast City Council, relevant agencies and government departments."
(JG/CM)
Related Northern Ireland News Stories
Click here for the latest headlines.
14 November 2024
Belfast Christmas Market Announces Dublin Express As Official Travel Partner
Belfast Christmas Market is set to celebrate its 20th anniversary in style, with the announcement of Dublin Express as its official travel partner. Opening its gates on November 16th at 12 noon, the market is expected to attract over a million visitors.
Belfast Christmas Market Announces Dublin Express As Official Travel Partner
Belfast Christmas Market is set to celebrate its 20th anniversary in style, with the announcement of Dublin Express as its official travel partner. Opening its gates on November 16th at 12 noon, the market is expected to attract over a million visitors.
13 April 2022
Rates Bills To Be Issued From 21 April
Rates bills for homes and businesses will begin to be issued from Thursday 21 April, Land & Property Services (LPS) has announced. For a second year, the Executive has frozen the element of the rate bill it is responsible for to help both households and businesses.
Rates Bills To Be Issued From 21 April
Rates bills for homes and businesses will begin to be issued from Thursday 21 April, Land & Property Services (LPS) has announced. For a second year, the Executive has frozen the element of the rate bill it is responsible for to help both households and businesses.
06 September 2018
Primark Fire: Affected Businesses Not Liable For Rates From Date Of Fire
Businesses affected by the fire at Belfast's Primark store will not be liable for rates from the date of the fire, Land & Property Services (LPS) has announced. Immediately following the fire at the historic Bank Building's last week, Land & Property Services (LPS) established a team dedicated to handle these cases.
Primark Fire: Affected Businesses Not Liable For Rates From Date Of Fire
Businesses affected by the fire at Belfast's Primark store will not be liable for rates from the date of the fire, Land & Property Services (LPS) has announced. Immediately following the fire at the historic Bank Building's last week, Land & Property Services (LPS) established a team dedicated to handle these cases.
02 March 2022
Business Rates Frozen For Another Year
Regional business rates are to be frozen for another year, Finance Minister, Conor Murphy has announced. The Minister also confirmed he intends to provide businesses with a £50 million rates support package in the 2022/23 financial year as well as continuing the Small Business Rate Relief which will benefit thousands of business premises.
Business Rates Frozen For Another Year
Regional business rates are to be frozen for another year, Finance Minister, Conor Murphy has announced. The Minister also confirmed he intends to provide businesses with a £50 million rates support package in the 2022/23 financial year as well as continuing the Small Business Rate Relief which will benefit thousands of business premises.
24 November 2011
Stormont's Big Store Levy Faces Opposition
Large retailer levies are not the way forward, says the Royal Institution of Chartered Surveyors, (RICS).
Stormont's Big Store Levy Faces Opposition
Large retailer levies are not the way forward, says the Royal Institution of Chartered Surveyors, (RICS).
-
Northern Ireland WeatherToday:It will be cloudy again throughout the day. Mainly dry in the morning, but patchy drizzle in places, becoming more widespread and persistent in the afternoon. Freshening southwesterly winds. Maximum temperature 12 °C.Tonight:Cloudy with a spell of heavy rain pushing south through late evening and the early hours, followed by some clear spells. Minimum temperature 6 °C.