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Increasing support for CBI call for business rates reform

15 October 2021

Engineering alliance Actuate UK is the latest trade association to join the CBI in calling for the government to reform the UK business rates system.

Long-term action has been requested initially in the forthcoming Budget and Comprehensive Spending Review.

"In particular, we are asking for reform to address current business rates system's inefficiencies to be acted on through this autumn's policy decisions," said the Actuate UK statement.

Reforms to business rates will impact on all sides of the FM sector, including clients and service providers.

The benefits of improving the current system will reduce the burden on businesses to unlock investment in net zero carbon emissions and support the ongoing levelling-up efforts seen in many areas of the UK, says the CBI.

There should also be an increase in the frequency of business rates revaluations to ensure these adjust to economic conditions and reflect individual company's ability to pay.

Changes should also result in a more environmentally-friendly system, further encouraging businesses to support net zero ambitions.

Actuate UK Post-Covid business environment group lead and ECA chief executive officer Steve Bratt said:

"As government and business are united in a mission to build back better and greener from the global pandemic, we need to create the right business environment for businesses of all sizes to thrive.

"A reform of the business rates system - which has been on the cards for some time - can address long-standing barriers to investments in greener technologies, contribute to the net zero targets and unlock business contribution towards the levelling-up agenda," he said.

Further details on the CBI calls for business rates reforms is available here.

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