Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether her Department plans to issue updated guidance to the Valuation Office Agency to ensure that valuation methodologies for primary care premises reflect local market conditions in regions with high property costs.

The Valuation Office Agency’s District Valuer Services (DVS) provide property advice to NHS bodies in England, including Current Market Rent (CMR) assessments for GP practice premises, under the NHS (General Medical Services - Premises Costs) Directions 2024.

DVS is instructed in accordance with the Directions to provide assessments of Current Market Rent. These are provided reflecting all value significant attributes of the premises including the premises location.