Leaders
Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Chancellor Misses Rate-Relief Open Goal In Budget

Thu 9th Mar 2017 | Money & Finance

Rate relief for football in the community: An open goal for Government in 2017

Football clubs, large and small, will not benefit from any substantive ‘give-aways’ following the Chancellors budget announced yesterday (8th March) although a hardship fund of £300m has been made available at the discretion of local councils..

A more generous rate relief was a clear goal scoring opportunity for the Chancellor, particularly for lower league clubs, and football will be tempted to send a red card to Mr Hammond, with the message – business rates are a significant financial burden and clubs, both large and small, are key to local communities as a focal point and a catalyst for redevelopment.

Upgrade, redevelopment and urban renewal are contributors to the business rate fund – the more commercial buildings, the greater the tax revenues to the Treasury, with at least 50% of rates coming back to local councils.

The ‘hat-trick’ of requirements for football in the community comprises the following three point wish list:

 

1.    Discretionary rate reliefs for all clubs to reflect their philanthropic work in the community.

2.    Mandatory relief to reflect and encourage any charitable provision by clubs.

3.    Automatic hardship relief for clubs who do not enjoy operational profits from their main activities.

 

The goal for football in the community should encompass a range of reliefs from business rates from 20% to 100% and clubs are encouraged to contact their local MP and Town Hall to explore the opportunities available under the Government’s policy of ‘localism’.

www.montagu-evans.co.uk

Posted by: Aaron Gourley 

RETURN TO LATEST NEWS SECTION
SUBSCRIBE TO THE FCBUSINESS RSS FEED
 
If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk

To subscribe to our range of football newsletters including news, products and jobs CLICK HERE.

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

West Ham Champions Of Season Ticket Affordability

Wed 19th Jul 2017 | Money & Finance

With the new Premier League season approaching it promises to be another exhilarating season, full of twists as well as surprises for fans. Chelsea convincingly captured their fifth Premier League...

Everton Sign Landmark Stadium Financing Partnership

Thu 6th Jul 2017 | Money & Finance

Everton Football Club has signed an agreement with ICBC (London) plc and Industrial and Commercial Bank of China Limited, which will provide the Premier League club with a £60m 3-year credit...

How Football Clubs Source Their Revenue

Thu 22nd Jun 2017 | Money & Finance

It will come as a surprise to no one that football is big business these days. Although players’ wages – especially at the top teams – have increased remarkably, the clubs can pay...

“Why Does Your Club Offer Discounts?” 5 Responses

Tue 6th Jun 2017 | Money & Finance

Following my article last week on the 3 observations about discounts offered on football clubs’ merchandise stores ; I wanted to share some more insight in to the merchandise space. I’ve...