Under the 2017 Business Rates Revaluation, Lambeth businesses have seen the fourth highest rateable value increase in the country.

We have worked with businesses, the business improvement districts and other councils to lobby the government to look again at the impact on local businesses, many of which face rises in excess of 30 per cent.

In response to lobbying from London and across the country, the Chancellor announced in the Budget that he would make an additional £300 million available to councils over four years to facilitate a discretionary scheme to help businesses struggling to meet their new increased business rates charge.

We will receive approximately £3 million to support businesses facing rates rises, although this is a relatively small amount compared to the total increase in the business rates bill for Lambeth which is almost £30 million.

Businesses can now apply for our local discretionary rate relief scheme using the link below.