Evidence on Business Rates to the National Assembly’s Economy, Infrastructure and Skills Committee

5th October 2016 - Senedd (National Assembly for Wales)

5 October 2016

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Andrew West, Director of Business Rates at Cooke & Arkwright gave evidence, on behalf of the Royal Institution of Chartered Surveyors (RICS) Wales, to the National Assembly’s Economy, Infrastructure and Skills Committee earlier today, covering a wide range of topics related to Business Rates in Wales, including comparison with England, increasing transparency and modernising the Business Rates system in Wales.

Also giving evidence was  David Magor, Chief Executive of the Institute of Revenues, Rating and Valuation (IRRV) and Matthew Williams, Policy Advisor, Federation of Small Business Wales.

The Economy, Infrastructure and Skills Committee report to Mark Drakeford AM, the Cabinet Secretary for Finance and Local Government, with a view to informing the Welsh Government’s policy on this important text. 

It is hoped the evidence given will influence the Welsh Government in promoting business-friendly policies and the efficient, effective application of this important source of revenue, raising over £1 billion towards the funding of local government and police services in Wales.

There is a link to the committee meeting given below.

Evidence to the National Assembly

Mansford has expanded its investment portfolio over the last few years. Over this time Andrew West has provided us with a full rating valuation service which has involved giving a view on liabilities prior to acquisitions, as well as conducting negotiations with Valuation Officers on our UK estate. The portfolio includes a wide range of properties from shops, offices and pubs to major leisure schemes. He has been particularly successful in mitigating our liabilities to empty property rate, which has been an issue on acquisition prior to implementing our development and letting strategy. I have no hesitation in recommending Andrew's expertise in rating valuation for all property types. The profile of property within his portfolio and the successes achieved are testament to his position as an extremely accomplished rating practitioner.

Leopold Hall, Partner, Mansford LLP