The effect of the revaluation of business rates on businesses in (a) Coventry South and (b) the metropolitan area of Coventry 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.
Additionally, my Department has been working closely with the Treasury to determine how best to provide further support to those businesses with the steepest increases. A package of support was subsequently announced at the Budget today. It includes £110 million to support ratepayers losing small business rates relief and rural rate relief as a result of the 2017 revaluation, as well as a £300 million discretionary relief fund for local authorities to help individual businesses that are having the greatest difficulties paying increased rates bills.