Shops, restaurants and pubs across the region are set to see a reduction in their business rates bills this year. Companies in the north west which pay business rates will see their bills fall by around 3.2 pc on average from April 1.
Victoria Atkins MP, Financial Secretary to the Treasury, said: "From Market Street to the Northern Quarter to Deansgate, the shops, restaurants and businesses that make up Manchester city centre are facing challenging times - as are others across the whole of the North West - and I want to make clear that this government is on their side. One of the ways we can help is by making it easier – and cheaper – to do business.
In Manchester, the total amount collected by the council next year will increase by around 4 pc. The town hall will keep some of the £350m collected next year.