Empty Property Rates (SMEs)

Part of the debate – in Westminster Hall at 11:00 am on 11th January 2012.

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Photo of Gavin Williamson Gavin Williamson Conservative, South Staffordshire 11:00 am, 11th January 2012

I congratulate my hon. Friend on securing this debate. I must declare an interest as outlined in the Register of Members’ Financial Interests. Does my hon. Friend agree that the previous Government introduced this scheme with the good intention of ensuring that all redundant properties were redeveloped? However, it has been an incredibly blunt instrument, and with the economic downturn, it has effectively caused chaos for many small investors. We need to consider a more subtle approach to encourage the regeneration of areas.