BIA response to Business Rates and Investment - Call for Evidence

The BIA has submitted its response to the HM Treasury's Business Rates and Investment: Call for Evidence.

The call for evidence sought to understand the impact of business rates on investment and the options to address barriers.

Our response focuses on how the current changes to business rates are disproportionately affecting life science companies, particularly those with R&D facilities recently converted from general retail/office space.

These increased rates risk undermining welcome investment, regeneration and growth, and run counter to the government’s ambition to promote investment in life sciences through the Industrial Strategy and ensure companies start, scale and stay here.