Merseyside businesses are being urged to take advantage of the great opportunities currently available at Astmoor Industrial Estate, as Halton Borough Council makes discretionary rate relief over and above that which is currently available in the rating system available to existing and new businesses with projects that support business expansion, property development or the refurbishment of premises on Astmoor.
With the additional investment surrounding the Mersey Gateway regeneration plan already being felt by local businesses, the added news of attractive business rates relief will be welcomed by those looking to take advantage of opportunities at Astmoor before interest in the site reaches its peak.
A well-established and ever-expanding complex, Astmoor is a purpose-built industrial estate with a variety of local, national and international businesses – of all shapes and sizes – calling the estate home.
As one of the major landlords at Astmoor, FI Real Estate Management has been working closely with the local council to maximise the opportunity the new infrastructure presents for the region, and has recently invested more than £650,000 in refurbing existing units to bring them in line with the new spaces being introduced to the site.
With the prestige and recognition that the Mersey Gateway opening has brought to the area, Halton Borough Council is keen to further maximise on the opportunity this investment provides by supporting private businesses who are themselves able to invest in high quality commercial buildings.
Open to both new and existing businesses, operating in the manufacturing and distribution sectors, rate relief may be offered to those who are undertaking developments that complement the Mersey Gateway Regeneration Plan Plus.
The scheme will operate for a period of five years until March 2024, offering tapered relief for a maximum of 3 years during that period, and will seek to boost private sector investment in high quality commercial buildings. Businesses able to take advantage of this offer will enjoy a 100% business rate for their first year, which will reduce to 75% in the second year, and further still to 50% in the third.
Businesses should take note, however and take advantage of this offer sooner rather than later due to the nature of the terms. If a business applies in years 1, 2 or 3, they will be able to obtain the maximum relief amount. Whereas applying in years 4 or 5 would mean they could only obtain relief for 1 or 2 years, during the remaining years of the scheme.