Key facts ● The Government has provided over £17 billion worth of additional rates relief since 2020. Changes announced at the end of the review in October 2021 will reduce the burden of business rates by a further £7 billion over the next five years. ● Introducing a new relief to support investment in property improvements will enable occupying businesses to invest in expanding their properties and making them work better for customers and employees. This is part of a £750 million package to support investment, which includes exemptions for green plant and machinery like solar panels and 100 per cent relief for low-carbon heat networks.
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