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  • Writer's pictureDaria Gavrilova

Attention all life science laboratories: Don't let escalating business rates hold you back!

Peter Foley is our resident guru here at CPA, and has been passionately following the shifting world of business rates for many years. With a keen political insight, Peter’s writing reveals how policy change is key to understanding your business rates further, and how this could translate into substantial savings. In his weekly column, Peter also outlines a desired path forward, with changes we’d like to see implemented for a fairer system on the nation's business rates.

The government and top investors have pinpointed a thriving sector for future expansion: the commercial development of life sciences. As a result, our state-of-the-art bio-labs are experiencing rapid transformation, expanding not only within their walls but also extending into production areas. A forward-thinking economic strategy centered on pioneering science and technology lies at the heart of the government's vision for the future.

Amidst this exciting growth, it's all too easy to overlook the recent surge in business rates affecting these very sectors. Even the most advanced bio-labs can't escape the mundane burden of pesky rates!

That's where Commercial Property Advisors (CPA) comes in. Our team of experienced RICS-regulated surveyors is here to help you determine if your rateable values have been unfairly inflated. We can guide you through a free, formal challenge to the Valuation Office, which could potentially prove to be profitable. A successful revaluation may not only yield rebates but also establish reasonable limits on the government's eagerness to nibble away at your investors' precious resources.

Don't wait another minute—reach out to CPA today for a complimentary, no-obligation consultation. Together, we can help ensure that rising business rates won't stifle the incredible potential of the life sciences sector.

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