Sajid Javid introduces bill to save £60m tax break for telecoms industry

Helen Cahill
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Theresa May Re-shuffles Her Cabinet After The General Election
The business rates measures were dropped after the election (Source: Getty)

Communities secretary Sajid Javid today introduced a bill to save £60m worth of business rates relief for the telecoms industry that was sidelined after the General Election.

The relief was first announced in the Autumn Statement last year to give businesses an incentive to press on with installing super-fast broadband connections.

Read more: More business rates woe: bills to increase £1.2bn next year

But the measures, which will give a business rates exemption to firms building communications infrastructure, were part of the Local Government Finance Bill, which failed due to the general election.

The Bill was then excluded from the Queen's Speech last month.

The communities department has since been trying to ensure the relief is granted to companies, and today introduced a bill handing the discount to firms working in England and Wales.

It is estimated that the tax break is worth around £60m over the next five years.

Mark Rigby, chief executive of business rates specialists CVS, said: "This new bill will give the provision to subsidise the roll-out of new broadband and future 5G communications to homes and businesses."

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