Category: Rates

Cost of Business Increases – Impact on Newry Starting today, operating costs will rise by 12.88%, driven by: 1.      National Minimum Wage: +6.7% 2.      Employers National Insurance: +1.2% 3.      Local Business Rates: +3.98% (Stormont’s regional rate pending) Impact on Businesses Ongoing cost hikes threaten Newry’s town centre. Last year’s 10.4% rates rise contributed to record vacancies, and this new increase will […]

Background: Newry BID has led the call locally for Business Rates reform. The continuing rising cost of doing business in Newry (and other town and city centres) is set against a backdrop of lower footfall, changing shopping habits and the increase of online/out of town retail. Many businesses in the city centre have faced a […]

A formal consultation on rates reform in Northern Ireland will commence in the New Year and it is fundamentally important for BID members engage with this process, according to Newry BID (Business Improvement District) Manager, Eamonn Connolly. A fair business rates system has been at the top of the lobbying agenda for Newry BID for […]