03/08/2009
Student Rate Relief Scheme Halted
Those in full time education are to have an existing rate relief scheme stopped.
The initiative has been ruled 'bottom of the class' by the former school teacher, now Stormont Finance Minister, Sammy Wilson.
He has announced that he intends to close the existing scheme for students and divert the savings to other forms of support.
This decision, agreed by the Northern Ireland Executive, follows an evaluation of the scheme, which showed that it was ineffective and represented poor value for money.
"We have a number of rate relief schemes that help those in need with their rate bills," he said.
"The scheme for students was aimed at encouraging young people to enter into, or remain in, full time education and training.
"An evaluation of the scheme has shown that the benefits of the relief are limited and it is not proving effective in meeting what I believe to still be a worthwhile objective," he continued.
"Therefore, while I am convinced that closing the rate relief scheme is the right thing to do, I am also giving a commitment today to re-direct the money saved by this decision and target it at those who most need it in an effective way that demonstrates value for money.
"My Department, together with the Department for Employment and Learning, are examining the available options with a view to consulting with key organisations in due course," he said.
The minister continued by explaining that provision would be made for those currently in receipt of the relief.
He said: "While it is intended that the scheme will be closed to new applicants from around December this year, those currently benefiting from the relief will be protected for the next couple of years, in accordance with savings provisions, providing the original eligibility rules continue to be met.
"To this end officials have been liaising with organisations that have a direct interest in this policy over recent months."
(BMcC/KMcA)
The initiative has been ruled 'bottom of the class' by the former school teacher, now Stormont Finance Minister, Sammy Wilson.
He has announced that he intends to close the existing scheme for students and divert the savings to other forms of support.
This decision, agreed by the Northern Ireland Executive, follows an evaluation of the scheme, which showed that it was ineffective and represented poor value for money.
"We have a number of rate relief schemes that help those in need with their rate bills," he said.
"The scheme for students was aimed at encouraging young people to enter into, or remain in, full time education and training.
"An evaluation of the scheme has shown that the benefits of the relief are limited and it is not proving effective in meeting what I believe to still be a worthwhile objective," he continued.
"Therefore, while I am convinced that closing the rate relief scheme is the right thing to do, I am also giving a commitment today to re-direct the money saved by this decision and target it at those who most need it in an effective way that demonstrates value for money.
"My Department, together with the Department for Employment and Learning, are examining the available options with a view to consulting with key organisations in due course," he said.
The minister continued by explaining that provision would be made for those currently in receipt of the relief.
He said: "While it is intended that the scheme will be closed to new applicants from around December this year, those currently benefiting from the relief will be protected for the next couple of years, in accordance with savings provisions, providing the original eligibility rules continue to be met.
"To this end officials have been liaising with organisations that have a direct interest in this policy over recent months."
(BMcC/KMcA)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
24 March 2016
Views Sought On Small Business Rate Relief Scheme
Views are being sought on alternatives to the Small Business Rate Relief Scheme as part of an evaluation being carried out by the Ulster University’s Economic Policy Centre (UUEPC).
Views Sought On Small Business Rate Relief Scheme
Views are being sought on alternatives to the Small Business Rate Relief Scheme as part of an evaluation being carried out by the Ulster University’s Economic Policy Centre (UUEPC).
17 July 2012
Minister Seeks Views On Small Business Rate Relief Scheme
Finance Minister, Sammy Wilson, today announced an in year review of the Small Business Rate Relief scheme, which was extended in April 2012. The focus of the review is to assess how well the scheme is operating and the specific costs of the expanded scheme.
Minister Seeks Views On Small Business Rate Relief Scheme
Finance Minister, Sammy Wilson, today announced an in year review of the Small Business Rate Relief scheme, which was extended in April 2012. The focus of the review is to assess how well the scheme is operating and the specific costs of the expanded scheme.
16 December 2011
Big Stores 'Tax' Boosts Smaller Ones
A levy on large stores across NI is to go ahead - but at a reduced rate than originally proposed. The 'Tesco tax' as it has been named means that large retailers might then limit investment - and cost job creation opportunities.
Big Stores 'Tax' Boosts Smaller Ones
A levy on large stores across NI is to go ahead - but at a reduced rate than originally proposed. The 'Tesco tax' as it has been named means that large retailers might then limit investment - and cost job creation opportunities.
19 November 2012
Local Businessman Benefits From Empty Premises Relief Scheme
Finance Minister Sammy Wilson has congratulated a local businessman from Carrickfergus who is benefitting from the Empty Premises Rate Relief scheme. Mr Colin Campbell has opened a scooter shop on West Street in Carrickfergus and will now benefit from a 50% discount on his rates for 12 months.
Local Businessman Benefits From Empty Premises Relief Scheme
Finance Minister Sammy Wilson has congratulated a local businessman from Carrickfergus who is benefitting from the Empty Premises Rate Relief scheme. Mr Colin Campbell has opened a scooter shop on West Street in Carrickfergus and will now benefit from a 50% discount on his rates for 12 months.
18 July 2012
Small Business Rates Relief Must Go Further - Durkan
SDLP Foyle MLA Mark H Durkan has said that Finance Minister Sammy Wilson’s review of the Small Business Rates Relief scheme must result in a new, improved rating process for businesses. Mr Durkan said: "I very much welcome Mr Wilson's announcement that he intends to review the Small Business Rates Relief scheme.
Small Business Rates Relief Must Go Further - Durkan
SDLP Foyle MLA Mark H Durkan has said that Finance Minister Sammy Wilson’s review of the Small Business Rates Relief scheme must result in a new, improved rating process for businesses. Mr Durkan said: "I very much welcome Mr Wilson's announcement that he intends to review the Small Business Rates Relief scheme.
-
Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.