FSB hails commitment to protecting SMEs from business rate rises

E-mail us

Your login

Use the link below to access your online portal.


GRENKE partner portal

GRENKE customer portal

We're here for you.

Would you like to know more about our services? 

Call us on: +44 (0) 1483 4017 00


The prime minister's commitment to safeguarding small and medium-sized enterprises (SMEs) from business rate changes has been welcomed.

Theresa May this week confirmed at Prime Minister's Questions that the government will aim to provide extra support for any firms adversely affected by the rate revaluation.

Responding to the news, the Federation of Small Businesses (FSB) said this is a reassuring development, as the current situation is "extremely worrying" for many smaller firms.

Mike Cherry, national chairman of the FSB, commented: "Many of our members have contacted us to say that they are facing completely unfair and disproportionate increases in their tax bills, with some considering whether to close or scale back their business. That would clearly be in no one’s interest."

He pointed out that previous interventions by the government have led to 600,000 small businesses receiving 100 per cent relief and are therefore protected from the current business rate changes.

However, he said the extent of the loss faced by some SMEs who are still in line to be affected has created an "unacceptable situation".

"I look forward to hearing the chancellor’s proposals at the Spring Budget in two weeks’ time," Mr Cherry added.