Business Rate Review might help Net Zero and Renewables
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The Treasury has announced a Call for Evidence on a fundamental review of business rates. This could present a big opportunity for the renewables and real estate sectors to make the case for Net Zero reliefs. The solar industry in particular, has been struggling with business rates in the last few years for on- site installations.
The document points to a willingness to hear views of the sector;
"The government has also heard various proposals on how the business rates system might support decarbonisation through, for example, reliefs or exemptions for certain P&M (plant and machinery) used in energy generation or to improve energy efficiency.."
The Call for Evidence remains open until the autumn.
HM Treasury fundamental review of business rates: call for evidence
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