Question to the Department for Levelling Up, Housing & Communities:
To ask the Secretary of State for Communities and Local Government, what estimate his Department has made of the number of businesses in Southwark which will be able to access transitional support to help manage proposed business rates increases.
Eligibility for transitional support will depend on the specific circumstances and location of the relevant property. A £3.6 billion transitional relief scheme will provide support to properties which face an increase in rates. My Department is working closely with the Treasury to determine how best to provide further support to businesses facing the steepest increases. We expect to be in a position to make an announcement on this at the Budget.