It is now nearly six months since the implementation of the 2017 revaluation of business rates, which resulted in significant increases for thousands of businesses in London. A coalition of business interests, including the Federation of Small Businesses and several business improvement districts (BIDs), joined forces with the Mayor of London and London Councils to challenge many aspects of the 2017 revaluation and the Government’s plans for implementation. Some important changes were secured as a result, but there is still more to do.
As part of this, the Federation of Small Businesses commissioned an important report on the impact of business rates on London’s small businesses with support from the London Economic Action Partnership (LEAP), Camden Town Unlimited and the Mayor of London. Undertaken by Ramidus, the report highlights the financial pressures that small businesses face at a time of enormous economic uncertainty.
The report’s launch – will provide an urgent reminder of the significance of this issue to London’s business community, and an opportunity for business representatives to ensure that their voice is heard as London continues to push for further changes to the system.
Join us for a light breakfast from 9.30am and from 10am, Rajesh Agrawal, Deputy Mayor for Business, will launch the report and outline GLA’s commitment to working with London’s business community and others on this key issue.
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