IKEA Plans
A new Sheffield Ikea store could deliver £1.5 million to £2 million in business rates a year, according to Council estimates. The figures highlight further the benefits of Ikea locating in Sheffield. Under new Government funding rules, 50% of the business rates would go immediately to the Council to support frontline services. However, despite the obvious benefits the Council have been criticised for failing to demonstrate support for the proposals. Cllr Shaffaq Mohammed, Leader of the Lib Dem Group on Sheffield City Council, said: “These reports show the real positive impact an Ikea store could have for Sheffield. Under new funding rules, introduced by the Coalition, 50%
Kailash Restaurant
of these new business rates would go straight to the Council, which means £1 million to support local services like Stocksbridge Leisure Centre or local libraries. Yet local people and the business community feel like Labour politicians are drag-
ging their feet over Ikea. The Council need to be pro-active in supporting Ikea’s application to ensure it overcomes any hurdles, rather than constantly highlighting the potential drawbacks. Ikea moving to Sheffield will be a real boost for the local economy, creating 700 new jobs.”
* Selling due to Owner Relocating to South * Fully Licenced * 40 Seater, with room for 60 seats expansion or possible 2 Bed Flat * Prominent Desirable Location * 18 Years Established * Attractive Weekly Takings * First to See will BUY
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