The announcement that Government is accepting a back bench proposal that arrears of rates will not be attached to new tenants is to be welcomed. Dundalk Town Council passed a motion calling for this last year.
Paddy Malone PRO of the Chamber of Commerce believes that this will speed up the transfer of buildings which can only reduce vacancies. It means new tenants can move in without the fear of having a massive rate bill hanging over them after they have moved in.
The nest step is to address the rates charge when compared to what landlords are prepared to accept in rent. Local Authorities need to show even greater understanding that while business conditions may have stabilised. Businesses have had to push all other costs down to achieve this and rates should be no exception.
The Chamber is looking forward to participating in the Local Economic Review of the retail trade in the 3 Louth Towns. We intend to seek relaxation of the rates remission scheme an innovative approach for which the Town Council deserves praise.