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Business boost for Spa firms
8:40am Monday 17th February 2014 in News
BUSINESSES in Droitwich Spa could benefit from a £415 million government cash injection to boost high streets, create jobs and help local economies.
Around £300 million will be given to small retail firms across the country so they can get £1,000 off their next tax bill. The scheme also includes £100 million to support business infrastructure and will see £15 million given to establish new university enterprise zones.
The move has been welcomed by the town's MP Sir Peter Luff.
Communities secretary, Eric Pickles, said: “As part of our long term economic plan, we are backing business and enterprise right across the country, helping town centres and local industries to prosper, and building a stronger economy.
“This money for infrastructure will transform acres of enterprise zone land and build a stronger, more competitive business environment that will create up to 3,000 jobs for hard working people across the country.
“While our fully funded £1,000 retail discount will make a huge difference to 300,000 of the essential small shops and local traders we find in our town centres across the country.”
Sir Peter added: "I know this announcement will be very welcome to businesses in Droitwich.
“The town has done much better than others across the country and many of the small firms have managed to survive during the difficult economic times. But, I know that times have still been tough, so a £1,000 off their tax bill will make a huge difference.”
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