Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what steps his Department is taking to ensure that business rates for heat networks are calculated using the receipts and expenditure method of valuation.

The Valuation Office Agency (VOA) has responsibility for setting Rateable Values for business rates and is in discussion with industry representatives about the method of valuation used for heat networks. This includes whether the receipts and expenditure method of valuation would be a more appropriate method and the VOA will consider any evidence put forward by the industry in support of its use.