Islington calls on government to freeze massive business rates rise
Feb06

Islington calls on government to freeze massive business rates rise

Press Release 02 February 2017 Huge government increases in business rates could see local small and medium sized companies forced to close or move out of the borough, local business representatives and Islington Council have warned. The Government has revalued the rateable values of businesses in Islington, and increased rateable values for business premises in Islington by an average of 45 per cent, the third highest rise in England. Islington Chamber of Commerce and Angel Business Improvement District have launched a petition calling on the Government to freeze the implementation of the business rates valuation until after Britain leaves the EU. Islington Council is supporting the petition. The petition also urges the Treasury to extend ‘transitional reliefs’ for affected businesses. Doing so would mean bills would increase at a lower rate, over a longer period of time – helping small and medium sized firms deal with the impact of a substantial rise. The organisations are also asking the Government to assist small companies by increasing the threshold for Small Business Rate Relief in inner London, with national Government funding the higher relief. Currently, companies can apply for the relief scheme in full if the rateable value of their property is less than £12,000 and at a tapered rate if it is between £12,000 and £15,000. The petition calls for the lower threshold of £12,000 to be increased. Islington Council’s executive member for economic development, Cllr Asima Shaikh, said: “The decision by national government to massively increase business rateable values for local shops and businesses could have a devastating effect on the character of our community and force small and medium sized companies to close or move elsewhere. “We urge the government not to go ahead with these plans and are offering local companies advice on how they can manage the changes ahead.” Hak Huseyin, Co-Vice Chair of the Islington Chamber of Commerce, said: “The sudden increases in business rates will hit many firms hard. Alongside ever increasing rents and other business costs, the Government’s rate rise couldn’t come at a worse time for Islington companies. One of Islington’s strengths is the diversity of the types of businesses in the borough, and I am deeply concerned about the impact the massive increase in rates bills will have. We need the Government to think again and freeze the rate rise.” The Chief Executive of Angel’s Business Improvement District, Christine Lovett, said: “High Streets that are alive and busy are a lifeline for local people and draw the community together. The increase in business rates could drive out the very businesses who not only keep our town centres vibrant but employ Islington...

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Coming Soon… Breakfast Networking at Bella Italia Islington
Sep07

Coming Soon… Breakfast Networking at Bella Italia Islington

We’ll soon be announcing details of a regular series of breakfast networking events in collaboration with Chamber member Bella Italia Islington, to be launched autumn 2016.

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Night Tube: ‘Nothing but positives’ expected for Islington economy
Aug12

Night Tube: ‘Nothing but positives’ expected for Islington economy

Islington Chamber of Commerce’s Vice-Chair, Hak Huseyin, has told the Islington Gazette he expects “nothing but positives” for the borough’s evening economy when the Night Tube finally launches next Friday, suggesting that Upper Street in particular will benefit from a 24-hour London Underground service. Read more on the Islington Gazette website… The night tube will launch on the Victoria and Cirlce Lines on Friday 19 August, with expansion into other lines in the autumn. Click on the image on the right to see where trains will be running. Find out more about the night tube on the TFL website…...

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Sponsorship Opportunities for our Summer Party
Jun03

Sponsorship Opportunities for our Summer Party

Islington Chamber is bringing a quintessentially British Summer to Islington this summer for our Summer Party, 7 July 2016, where local businesses can network and celebrate summer with the vibrant business community of north London. We are inviting the opportunity for businesses to sponsor our event and have your company benefit from one of our excellent packages below. Contact info@islingtonchamber.org.uk to purchase a package. GOLD – £1,000 *ONLY ONE AVAILABLE*    Speaker slot at event    1 Year’s ICoC Membership    2 x Tickets for the event    Featured as a headline sponsor, and showcase your branding and merchandise at the event    Social Media coverage and promotion SILVER – £500 *LIMITED NO. AVAILABLE*    1 Year’s ICoC Membership    2 x Tickets for the event    Featured as a main sponsor, and showcase your branding and merchandise at the event    Social Media coverage and  promotion BRONZE – £250 *LIMITED NO. AVAILABLE*    Featured as a sponsor, and showcase your branding and merchandise at the event    Social Media coverage and promotion. — WIN a SILVER package worth £500! If you’re a Start-Up under 2 years old, simply tweet us @islchamber before 27 June using the hashtag #ICoCSummer with why you should...

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Could your business offer Sixth Form work experience?
May24

Could your business offer Sixth Form work experience?

Highbury Fields School is looking for businesses to provide 1 or 2 work experience placements for Sixth Form students as part of their work experience programme.

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Take our poll on the EU Referendum
Mar25

Take our poll on the EU Referendum

On 23 June 2016 Britain will vote on whether it should remain in the European Union. To help us build a picture of where businesses stand, please take a couple of seconds to vote in our poll.

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