Northampton firms could be in line for a business rate relief of £1,000 from the start of the new financial year.
The new relief will be available for two years to occupied retail units across the borough, which are wholly or mainly being used as shops, restaurants, cafes and drinking establishments.
Councillors are set to discuss the plan at a full council meeting on Monday, February 24 and, if approved, it would come into force on April 1.
The recent publication of the results of a town centre summit highlighted punitive business rates as one of the main issues affecting Northampton’s shops.
Businesses responding to the summit said rates were at an “unsustainable level” and were “critically damaging” to existing firms, and the prospect of attracting new ones.
Council leader Councillor David Mackintosh (Con, Rectory Farm), said: “This year we are looking at how we can support our business community, and what we can do to make our town centre thrive.
“I welcome the news that the Government recognises town centres up and down the country need support. And we will be offering business rate relief to our local retailers in every part of Northampton.”
For more information visit www.northampton.gov.uk/businessrates