Discretionary business rates relief for pop-up shops

This process is aimed at the prospective tenants of pop-up shops. Key areas for this business rates discretionary relief are within the Hinckley BID area, which takes in the area from Castle Street to the Crescent: Appendix B for map of inclusion (PDF)

Key criteria considered by the council in awarding up to 100% discretionary relief for up to six months are:

1. The establishment of a new business, activity or company within the Hinckley BID area
2. Consideration will be given to other areas in the Borough where a shop has stood empty for at least 12 months
3. The business is a new physically based business that has not traded from a business rated premises in the past 24 months prior to application
4. The business is open to members of the public
5. Is an independent trader
6. Can obtain some level of financial contribution from the landlord, such as a rent-free period or discounted rent
7. The business is not a business that is connected to the landlord in any way (for example, the landlord is a director or close relative of the tenant)

Businesses that would not normally be considered as eligible for this scheme are:

• Established businesses with a physical presence on the 'High Street,' in any area of the UK (These are covered by Discretionary business rates relief for new or expanding businesses scheme)
• The voluntary sector and charities, local or national government bodies (unless services or activities are considered in the benefit of the local community, or in support of council priorities, and will be at the discretion of the council)
• Betting shops, off licences, pawn brokers, high interest loan companies or similar, adult entertainment of a sexual nature, or any business that in the view of the council would not fit in with its values
• Businesses making a retrospective application (exceptions may be made in some instances)
• Second or multiple applications from the same business or individual within a 12-month period from the last day of a previous pop-up shop agreement in the borough

Hinckley Bid area

There will be a small charge that is paid to the Hinckley Bid of a levy set at 1.95% of the rateable value of the property. For example, a property with a rateable vale of £12,000 would pay a levy of £234. This is collected for the Hinckley Bid, which is not part of Hinckley & Bosworth Borough Council. Information of the benefits of paying the levy (hinckleybid.co.uk) or call 01455 698494. The benefits are proportion of the shopping area, listing your business and events to increase potential shopper footfall.

Last updated: 19/04/2023 11:08