Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of providing business rate relief to premises which are transitioning to reached energy performance certification levels of C and above.

At Autumn Budget 2021, the government announced new business rates support for green technology to support the decarbonisation of buildings. This means that eligible plant and machinery used in onsite renewable energy generation and electricity storage are now exempt from business rates. This came into effect on 1 April 2022, and will last until 2035. Furthermore, to incentivise businesses investing in their properties, from 1 April 2024, no business will face higher business rates bills as a result of qualifying improvements to a property they occupy for 12 months.