Rates policy change to support Infinity Park growth

Derby City Council has announced it is to revise its policy on discretionary rate relief (DRR) for businesses relocating to the Infinity Park Enterprise Zone.

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DRR allows the Council to use its discretionary powers to reduce the amount of Business Rates a business has to pay.

The government has now announced that it will fully fund DRR applied to businesses relocating to the Infinity Park Enterprise Zone and businesses now have until 31 March 2021 to relocate to qualify for ‘enterprise zone’ status.

Cllr Nicola Roulstone, Cabinet Member for Finance and Procurement said: “This is really good news for both Infinity Park and for those growing businesses looking for bigger or new premises."