March 10, 2017
“Hundreds of businesses across London will be relieved that the Chancellor has made some important concessions on business rates. I welcome the £300 million fund, however, as ever, the devil will be in the detail of how this is administered.
Crucially, the very welcome London Devolution Agreement, announced alongside the Budget, could mean these sorts of interventions will not be required in the future as London takes back more control over its business rates.
With the devolution of rates now very much on the horizon, I hope this heralds a new era of collaboration between the public and private sectors — a true partnership that will see local authorities listening to their business communities about local priorities and acting accordingly.”
BID Development Director