BPF news and archive

BPF calls on government to extend business rates relief for vacant lots

The British Property Federation (BPF) has called on the UK government to extend the period of business rates relief for empty properties from three to 12 months as shop vacancies in the region continue to grow. Currently, owners of vacant properties have a three month exemption from business rates to allow time to upgrade and re-let stores,...

Retail

Landlords in England ordered to rent out empty stores to 'rejuvenate' high streets

Landlords in England with empty stores for over a year will be ordered to rent out the premises to prospective tenants in a move by the government to “breathe new life into high streets”. The Levelling up and Regeneration Bill, which was unveiled in the Queen’s speech on Tuesday, gives local leaders more power to bring retail units back into use...