By Daniel Hunter

Around 300,000 small retailers have now been granted the £1,000 business rates discount introduced by the government six months ago, according to High Streets Minister Penny Mordaunt.

In her first major speech, Ms Mordaunt said the 300,000 retailers had saved a collective £272 million in tax relief this year.

Local figures show the support is spread across the country, with an estimated 5,000 premises in Birmingham, 3,250 in Cheshire, 3,900 in Cornwall and 1,500 in Stockton-on-Tees.

Speaking at the annual high street retailers conference by the British Council of Shopping Centres, the minister said the retail discount was the centre piece of a wider billion pound package of targeted tax break support for the high street which includes the doubling of small business rate relief since 2010 helping an estimated half a million small firms.

High Streets Minister Penny Mordaunt said:

"We must help all respond to the needs and wants of the consumer so the high streets remains at the heart of our communities - more than simply places to shop.

"We announced the biggest package of business rates support in over 20 years to support local shops, pubs, cafes, and restaurants. Overall, this is worth £1 billion to business with half of that backing high street shop and retailers in England.

"Around 300,000 retail premises are getting our new £1,000 retail discount and our comprehensive list shows where those shops are located in the country. A typical small business could now be saving 30% extra or more compared to last year’s bill."

Have you benefited from a discount on business rates? You can email your reactions to editor@freshbusinessthinking.com

Join us on
Follow @freshbusiness