Businesses urged to have their say on changes to business rating system
Businesses across Northern Ireland are being urged to respond to the consultation on the Business Growth Accelerator and Non-Domestic Vacant Rating measure.
Members of Belfast Chamber recently met with the Finance Minister to discuss the proposed reforms to the business rating system.
Speaking following the meeting, John O’Dowd said he welcomed the opportunity to meet with the Belfast Chamber and discuss his recently launched consultation on the Business Growth Accelerator and Non-Domestic Vacant Rating and a number of business-related issues.
“I am acutely aware that businesses across our towns, cities and high streets continue to face a challenging operating environment but despite those challenges, businesses here continue to innovate and break new ground, underpinning local employment, local communities and our wider economy,” he said.
“My objective has always been a rating system that is fair, one that supports public services but also recognises the importance of business growth, investment and regeneration. That is why I launched a consultation on two important and related proposals: the introduction of a Business Growth Accelerator and changes to Non-Domestic Vacant Rating.
“The proposed Business Growth Accelerator would provide temporary, targeted relief for businesses making qualifying improvements to their properties, while the suggested changes to Non-Domestic Vacant Rating would aim to encourage the productive use of vacant premises, reduce long-term vacancies, support high streets and town centres, and better align the tax system with wider economic and regeneration objectives.
“I would urge all businesses and organisations to respond to the consultation and share their views, helping to support growth while maintaining fairness within the rating system.”
You can submit your views on the consultation at: www.finance-ni.gov.uk/consultations/business-growth-accelerator-and-non-domestic-vacant-rating-ndvr-consultation. The consultation will close on 23rd September 2026.
