We call on the Government to institute an urgent reform of the Business Rating system and to freeze rates until the completion of the review and the implementation of a new and better system.
The review is needed to promote the growth of Small and Medium Enterprises and unique local traders in retail centre locations.
We would like the review to include a permanent and powerful mechanism to promote the large scale take-up of empty units through short term rates amnesties.
Urgent consideration should be given to the Business Innovation and Rates Committee report of March 2014 and the suggestion that business rates for retailers should be linked to alternative measures such as turnover rather than an outdated definition of property value and what constitutes prime retail space.
- UK Government
Launch an immediate review of the Business Rates system in England, freezing rates in the interim.
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