BUSINESSES in East Hampshire could soon get discounts of up to £150,000 on business rates to build new premises.

It is hoped that the scheme will help new and established businesses build new premises enabling them to expand and develop modern working environments.

East Hampshire District Council aims to be the most “business-friendly council in the UK” and is “keen to start this fantastic scheme”.

Prior to this new council-led project, many businesses experienced difficulties in finding suitable premises in which to expand or relocate within the area.

This discount of up to £150,000 for new-build premises will “open up opportunities” for growing businesses to do just that.

District councillor Glynis Watts, portfolio holder of economic development, said: “Business rate incentives will boost the delivery of new business premises, jobs and economic growth across the district as part of the council’s strategy to be as business-friendly as possible.

“This is a really good tool to have in our armoury to attract inward investment and support the viability of new developments,” she added.