Back in Business scheme
Summary:
The Back in Business rate support scheme offers businesses a 50% rates discount for up to two years if they occupy a vacant retail unit.
Eligibility criteria:
To benefit from the scheme you must meet the following eligibility criteria:
- you have begun occupation of business premises on or after 1 April 2024
- the business premises you now occupy were previously vacant for a minimum of 12 months prior to the date you occupied the property
- the business premises was previously valued for rates and used for retail purposes, or;
- if premises were never occupied you may still be entitled if the premises could reasonably have been used for retail purposes.
“Retail purposes” means the retail provision of goods or services to members of the public who visit the property.
Additional information:
The rates discount of 50% is granted for 24 months beginning on the day which the retail unit becomes occupied. The rate relief can be applied from 1 April 2024.
The scheme is open to applications until Monday 31 March 2025.
Support organisation:
- Land & Property Services (LPS)
- Department of Finance (DoF)
Find out more:
Back in Business rate support
Search for other business support: