A top Lincolnshire business leader hopes firms in South Holland “feel a direct benefit” from measures announced by the Chancellor in his Autumn Statement.
Ursula Lidbetter MBE, chief executive of Lincolnshire Co-operative and chairman of Greater Lincolnshire Local Enterprise Partnership, said a two per cent cap on business rates from April 2014 and a 50 per cent cut for traders moving into empty shop premises could boost the area’s economy.
Other measures unveiled by Chancellor George Osborne on Thursday include a rise in the state pension age to 68 in the 2030s and £1 billion worth of loans towards new housing.
Ursula said: “The Autumn Statement brings mixed news to the business community, particularly small and medium-sized enterprises which account for about 40,000 businesses in Greater Lincolnshire.
“We hope that our business community will feel a direct benefit from some of the positive measures announced on Thursday.”