Business Rates: Rural Areas
The question
To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential impact of business rate increases on the rural economy.
Answered by Dan Tomlinson
At the Budget, the VOA announced updated property values from the 2026 revaluation. This has led to increases in rateable values for some properties, as current values are based on pandemic-era valuations in recognition of the impact of the revaluation on bills.
To respond to those who are seeing large increases, the Government introduced a support package worth £4.3 billion, to protect against ratepayers seeing large overnight increases in bills.
Rural Rate Relief also continues to be available for key amenities and community assets in rural areas. It provides 100% rate relief for properties that are based in eligible rural areas with populations below 3,000.
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