The Council has launched a campaign to work with the borough’s businesses to challenge the government over the impending huge hike in business rates.
The business rate revaluation will take effect from 1 April next year and will see some businesses in Lambeth face an immediate 45% hike in business rates, with the average rise being around 35%. We are very concerned about this and believe it will have a detrimental impact on businesses in the borough.
We’ve worked closely with businesses, particularly through our Business Improvement Districts, across the borough to campaign against this. There are various materials online, including a video, release and a petition. Please do share these so we can generate more interest and make businesses aware of the rise.
Every business has also received a letter and window sticker (images attached) from us to set out what they can do to lobby the government against this.
This Saturday is Small Business Saturday which gives us a good opportunity to step up this campaigning up and go out into our wards and speak to businesses.
Cllr Joanne Simpson visiting newly opened Millars General Store on Black Prince Road
We have lots of spare materials in the office so, if you are planning on going out in your ward on Saturday to speak to businesses, or want to arrange to do so, please do contact Ryan in the office to collect some of them. It’s a good chance to speak to businesses, give them the right information and make sure their voices are heard against the huge rates hike. You can tweet and share photos and stories using #SmallBizSatUK (and also consider using #businessrates and mentioning @lambeth_council so that this can be picked up by our social media team).
While we don’t yet know the exact details of the rise per individual business to give you, we do know that restaurants, pubs, cafes, schools and retails are some of the worst affected businesses, and in particular Brixton, Stockwell, parts of Herne Hill, Bishop’s and Clapham are the worst hit areas. You can visit businesses in your ward to encourage them to join the campaign and to check their own new rateable value online at https://www.gov.uk/correct-your-business-rates.
If you can’t make this weekend, please do try and arrange something in the coming weeks – it’s vital we get out to as many of our businesses as possible to make them aware of the business rate changes.