Salford businesses expected to win £15m in business rate appeals as values fall
Sign up to the MySalford newsletter and don't miss a thing happening in and around the citySalford council is anticipating a £15m loss in business rates this year with more businesses expected to win appeals over the rateable value of their property.The local authority previously estimated the cost of appeals this financial year to be around £5.6m, but this estimate has now increased by more than £9.6m.It comes as the council faces a £50.4m deficit in its business rates collection fund – although around £31m relates to the retail relief and nursery discount, extended due to the coronavirus crisis, and will be covered by the government.Salford council's head of financial management Chris Hesketh has said that the revenue the town hall will