Covid 19 - Business Rates Update 27th March 2020

27 March 2020

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We have circulated a number of updates highlighting help currently available to business through the Expanded Retail Discount Scheme, Grant Funding Schemes and existing empty property rate legislation.

Andrew West’s update on 24th March stressed the importance of contacting your billing authority to claim empty property rate relief on properties vacated as a result of government guidance on safe home working.

We are however aware that there is some inconsistency in the approach currently being adopted by billing authorities throughout the UK on this. If you are experiencing any difficulties in securing rate relief please do not hesitate to contact one of our business rates team.

Contact details for our team can be found here.

All updates issued to date can also be found on our website news page.

Kind regards

Jane Shankland
Director – Business Rates

Cooke & Arkwright have been providing rating valuation advice to The Welsh Rugby Union Limited (“WRU”) and Millennium Stadium plc for many years. They were recently successful in achieving substantial reductions in the assessments of the Millennium Stadium, covering both the 2005 and 2010 rating list. These negotiated reductions yielded savings of c.£3.5m which, crucially, allows the WRU to re-invest in rugby throughout Wales. They advise the WRU across the group portfolio including the National Centre of Excellence in the Vale of Glamorgan. The valuation issues across the WRU portfolio are complex requiring a high level of understanding of the funding and finances of professional sport in Wales. Cooke & Arkwright’s experience and understanding of these issues and application to the rating valuation have yielded these substantial negotiated reductions. The WRU and the Millennium Stadium entrust our work to organisations with the required levels in experience and expertise in dealing with these complex issues. I am glad to say we have this expertise in Wales. I would have no hesitation in recommending ratepayers making use of this Welsh based expertise.

Steve Phillips, Group Finance Director, Welsh Rugby Union Group