Commercial Property to Rent Leeds
If you choose to rent commercial property in Leeds, you can benefit from some great support and financial incentives.
Employment Leeds is a free service from Leeds City Council. The team provides advice and information on the labour market. It also assists with drafting job descriptions and advertising your jobs. It helps you select candidates to interview and provide space to hold the interviews.
The Leeds Enterprise Partnership skills service supports SMEs with training and developing your workforce. Part-funded training courses such as IT support, book-keeping, software, HR and industrial skills are available.
Companies renting commercial property in the Leeds enterprise zone benefit from Enhanced Capital Allowance, and support from the Manufacturing Advisory Service and international trade advisers.
The Leeds City Region Business Growth Programme offers grants to support business investment and expansion where that creates employment. Grants between £10,000 to £250,000 are available. These cover up to 20% of the cost of new premises, fit-outs, capital equipment and machinery.
Leeds City Region Enterprise Zone
The UK government introduced enterprise zones to stimulate private sector investment, drive growth and create new jobs.
If you’re a large-scale or SME manufacturing company, renting commercial property in the enterprise zone is ideal. It’s strategically located by the M1, just minutes from Leeds city centre. There are frequent bus services running from the Temple Green Park and Ride facility.
The enterprise zone is part of Aire Valley Leeds, one of the largest regeneration areas in the North of England. There are over 400 businesses from sectors such as manufacturing, engineering, transport, distribution, and business to business services. As well as small specialist firms, large national operations based in the valley include Amazon, John Lewis, Arla Foods, Veolia, and Siemens.
Business Rates on Commercial Property for Rent in Leeds
Don’t forget your additional overheads when setting your budget for renting commercial property. One thing you may need to pay is business rates which are charged on most commercial properties such as shops, offices, warehouses and factories.
Leeds City Council will send you a business rates bill for the following tax year around February.
If the commercial property you rent has a rateable value below £51,000, you will pay the small business rate, which is lower than the standard rate.
Additionally, if you only rent one property and the rateable value is less than £15,000, you can apply to Leeds City Council to get small business rate relief.
For properties with a rateable value of £12,000 or less you don’t pay anything.
Rate of relief tapers off at the value approaches £15,000.
If you rent a second property, you’ll keep getting any existing relief on your main property for 12 months. You may still qualify after this if none of your other properties have a rateable value above £2,899 and the total rateable value of all your properties is less than £20,000.