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Sir Jim Paice welcomes help for local businesses

Jim Paice MP

Jim Paice MP

 

Sir Jim Paice has welcomed a new package, announced in the recent Autumn Statement, to help the high street and support businesses.

The measures will boost jobs and growth in South East Cambridgeshire.

The package includes a business rate discount of up to £1,000 for retail premises, including shops, cafes, pubs and restaurants.

A two per cent cap has been introduced on business rate increases, and the doubling of Small Business Rate Relief is being extended to April 2015 and expanded.

There is also a new reoccupation relief, which will halve the rates bills of businesses taking over premises empty for over a year.

Sir Jim said: “Small businesses are a vital part of local life. I therefore welcome these measures which will support our high streets.

“With Small Business Saturday this weekend, the Government is giving Cambridgeshire’s 18,000 businesses the help they need to grow and create jobs.”

Other measures which will help hardworking people in South East Cambridgeshire include:

– A freeze in fuel duty until 2015.

– Scrapping employers’ National Insurance for under-21s.

– Reducing energy bills by £50.

– Free school lunches for all state-funded pupils in reception, year one and two.

For all the latest news see Thursday’s (December 12) Echo.

 

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