County Londonderry is an attractive place to set up or relocate your business. There has been a surge in the number of new offices being built in Derry City. Rental costs are competitive in comparison with Belfast and other UK locations.
You will need to think about how to find suitable premises. You will also need to consider the business rates you will have to pay.
Finding premises in the area
Invest NI's commercial properties database has hundreds of commercial properties throughout Northern Ireland.
Causeway Enterprise Agency manages 60 workspaces in Coleraine and Kilrea.
Paying business rates
All businesses have to pay rates to help fund local services. There are two sets of rates. One is a district rate set by each local council. The other is a regional rate struck by the NI Assembly.
Your rate will depend on the net annual valuation of your business premises. You will need to multiply this by the sum of the district and regional rates. The Department of Finance (DoF) has a rates calculator, this can help you to work out the business rate you will have to pay.
Assistance and relief schemes are available to small businesses suffering hardship. You can find out about reliefs and allowances in help available for business rates.