Previously, The Fitzrovia Partnership was pleased to have been part of the successful combined lobbying on behalf of businesses in Fitzrovia on Business Rates. Camden Council’s Cabinet agreed in September 2017, to introduce a range of measures to mitigate the impact of the Government’s April 2017 Revaluation of business rates after drawing up new plans with the business community.
Our partners, New West End Company, working with Arup have commissioned a report to assess the current Business Rates scheme within central government and how it may be changed in order to benefit businesses.
£28.8bn of the UK’s total tax revenue comes from business rates. This equates to
4% of the UK’s total tax revenue, or 20% of local government’s local funding.
14% average increase in business rates for a typical London shop, compared to 8.5% across the country.