Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of future increases in business rates on the financial sustainability of regional airports and the level of regional air connectivity they are able to provide.

The government is committed to enabling investment so that airports can play their full role in the growth mission.

Properties seeing large bill increases as a result of the business rates revaluation - including airports - will benefit from a redesigned transitional relief scheme worth £3.2 billion over the next 3 years. Compared to the 2023 transitional relief scheme, the redesigned scheme will provide more generous support for large properties.

The Government has also published a Call for Evidence exploring concerns that airports and a small number of other ratepayers have raised around the ‘Receipts & Expenditure’ valuation methodology and its impacts on long-term, high value investments. Through this call for evidence, we will seek to address issues raised ahead of the 2029 revaluation.