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19 March 2014 0 Comments
Posted in Business, Real Estate

Business rate relief now available on new commercial buildings

Author headshot image Posted by , Partner

As part of central Government’s initiative to encourage development, it has given local authorities the ability to grant business rate relief to newly constructed commercial buildings that remain un-let.

The intention behind this is to encourage speculative building, rather than stay in the current situation where developers are waiting until premises have been pre-let before staring construction.

Local authorities are allowed to give 100% business rate relief for a period of 18 months following practical completion of a new commercial building where this occurred after 1 October 2013.

Wiltshire Council, Bath & North East Somerset Council and Swindon Borough Council have all embraced this boost to the economy and will grant full business rate relief for a maximum period of 18 months while any property remains vacant.

More information

A copy of the Government’s Guidance can be found at:

If you would advice about any business rate relief or any other commercial property issue contact Peter Foskett in our Commercial Property team on 01793 507 664 or email

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