The Department for Levelling Up, Housing and Communities has announced the release of a further £57.8m of Brownfield Land Release Fund (BLRF) to 53 local authorities. The total fund amounts to £75m. Local authorities can bid for the remaining £17.2m.
When the UK Government announced its “fundamental” review of business rates in last year’s Budget, it was widely hoped that significant reform of this tax would be forthcoming.
Editor: It is easy to criticise landlords for not showing empathy to tenants through the pandemic – while some could not, some could.
On 12 October, the government announced that approximately £58m of the Brownfield Land Release Fund has been allocated to local authorities to deliver housing on underutilised public sector land.
Chancellor Rishi Sunak has alluded that he might not give a comprehensive response to the consultation on business rates reform when he gives his Budget next Wednesday, but might “tinker with the system” – on the grounds that he has not yet had time to give the question proper consideration.
Sunderland City Council’s executive director of development Peter McIntyre tells Property Week how Covid has accelerated a key regeneration scheme in the city, following investment by L&G and the council.
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