Small Businesses: Harpenden and Berkhamsted
(asked on 17th April 2025) - View Source
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what steps his Department is taking to help support (a) small and (b) medium-sized businesses on the high street in Harpenden and Berkhamsted constituency.
Answered by
Gareth Thomas
Parliamentary Under Secretary of State (Department for Business and Trade)
Small businesses across the UK including in Harpenden and Berkhamsted are the beating heart of our high streets and communities. This Government is committed to supporting them through a fairer business rate system.
From 2026-27, we’ll introduce lower tax rates for retail, hospitality, and leisure (RHL) properties with rateable values under £500,000. RHL relief will be extended for 2025-26 at 40%, and the small business multiplier will be frozen for the same period.
The Business Secretary has also announced a new Business Growth Service to help businesses access more easily the support they need to thrive and grow and we will publish our strategy to support small businesses later this year.