The contentious 2017 business rates revaluation saw many firms facing significant rateable value hikes, with North-east companies particularly hard-hit as the 2015 property values on which they were based failed to take account of the full effects of the oil downturn.
Hear from the Chamber's research and policy manager Shane Taylor about how city centre firms in hospitality, retail and tourism have felt the brunt of high rates bills following the 2017 revaluation, for which special transition arrangements were made by the Cabinet Secretary for Finance, the Economy and Fair Work at the time.

While some firms will welcome the relief already provided, the proportionately higher rateable values in city centres mean a large number fall above the £51,000 rateable value threshold to access the Retail, Hospitality and Leisure Support Grant. This ceiling prevents far too many of our independent city centre businesses in these sectors from accessing the support they need.
With expectations that the impact on the hospitality sector could be more sustained than in other parts of the economy, the Chamber continues to encourage the creation of an expanded grant scheme offering support proportionate to rateable values.

About to be recognised as a real estate sector in its own right, life science gives investors a chance to build a portfolio around investments that benefit from clustering in innovation districts and the triple helix of government, universities and industry to deliver on a specific aim, including dealing with coronaviruses. Deborah O’Neil, chief executive of NovaBiotics, will highlight the challenges and opportunities faced by the sector in Aberdeen.

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Online via Zoom

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