The Executive Member for Economic Development, Cllr Simon James has welcomed the news that Kingston businesses are taking up the national ‘Time to Pay’ scheme: benefiting the local economy with millions of pounds worth of cash flow.
Liberal Democrat Cllr James announced: “The ‘Time to Pay’ scheme offers companies short-term relief to cash flow difficulties. Between November last year and the end of March, 250 businesses in the Borough deferred £3 million worth of VAT and other taxes.
He added: “Kingston Council is committed to helping local companies ‘recession-proof’ their business – a vibrant local economy is truly the lifeblood of our Borough.
“I would like to encourage all local companies to visit the RBK website which gives useful information on what help both the Government and local authority can offer your businesses during the recession.”