What is the levy likely to be?

The steering group of 8 Prestwick business owners have made the following decisions ;

 

If a Business Improvement District is supported the levy will be set at 1% of your rateable value.

£50

per year

Based on a rateable Value of £5,000

per annum

£100

per year

Based on a rateable Value of £10,000

per annum

£500

per year

Based on a rateable Value of £50,000

per annum

If a Business Improvement District is supported the levy term will be for three years and not five years .

 

The Ballot for businesses to vote will be in

June 2019 (date TBC)