The Daily Telegraph,
Monday, 15 December 2014
Rochdale pioneers 80% cut in business rates for shops
The Daily Telegraph explores how officials at Rochdale Council are considering introducing radical measures to help its boost its town centre such as cutting business rates for businesses that move into empty properties by 80%. "Like a lot of industrial northern towns, our town centre has been hit hard over the past 20 years. We've got to do something. It's not good enough for policymakers and councils to sit there and watch the gradual decline of the town centre. It will cost us a lot – we've got major budget problems already – but we have dug deep into our pockets to fund this," Richard Farnell, the leader of Rochdale Council, comments.