Chancellor's October Budget Statement
The Chancellor has responded to pleas for more business rates assistance for the High Street by announcing additional relief for small retailers - those with RV's less than £51,000. Their rates bills will be reduced by one third (33%) for 19/20 and 20/21 ie up to the next Revaluation.
We understand that this relief will apply to retail property, as defined previously in the retail relief policy that was brought out a couple of years ago. A broad definition but with some exclusions. BAs will have some flexibility at the borderline. It will apply to all properties with an RV under £51,000. i.e. there is not a single property occupation test such as with SBBR. However, the relief will be subject to State Aid limits. This means that the aggregate of relief cannot exceed €200,000 over any 3 year period.
Essentia secures crowning glory and wins one of only five places on prestigious public-sector framework with Ingleton Wood LLP and Tanner Rose LLP
29th August 2017
Today, the Crown Commercial Service has formally announced that Essentia Trading Ltd, the public and private sector consultancy, has been successful in its bid to be selected for the public-sector framework for Estates Professional Services. Essentia beat off the competition to secure a place on two of the regional lots: Lot 2A - East Anglia and Lot 2C - London and the South East.1
The Crown Commercial Service Framework Award is hotly contested with limited places for suppliers. Sixteen suppliers bid for Lot 2A and twenty-two bid for Lot 2C. Essentia received the highest final score for both regions and secured first place in quality for both the London and South-East bid and the East Anglia region bid.
Pleased with the news Stephen Edgar, Property Consultancy Director at Essentia, commented; “We’re delighted to have been awarded a place on this prestigious framework, to deliver innovative property expertise to the public sector in London, the South East and East Anglia.
“Given the vast public-sector estate in these areas, we are fully aware of how competitive this framework is. We are looking forward to helping regional organisations reduce property costs, rationalise surplus assets, identify savings and opportunities and generate income from land and buildings.”
Essentia will act as Lead Consultant on any projects commissioned and will sub-contract and manage niche requirements to strategic partners Ingleton Wood LLP (a multi-disciplinary property and construction consultancy) and Tanner Rose (business rates and compulsory purchase advice specialists).
Ian Tanner, Partner at Tanner Rose, confirmed that; “Tanner Rose is delighted to be assisting Essentia as a Strategic Partner on this Framework contract. Today there’s so much happening currently concerning business rates that impacts on clients’ costs in development and asset management, particularly in the rating of specialised properties unique to the public sector. We look forward to assisting our Partners in delivering real cost savings and strategic advice in these key areas".
Stuart Norgett, Partner, Ingleton Wood LLP, also said; ‘On behalf of Ingleton Wood LLP I can confirm that we are very proud to be part of a consortium with Essentia, with whom we have worked collaboratively in the past. It is an honour to be part of such a prestigious framework. We are excited about delivering work for these clients.”
Under the framework for Estate Professional Services, Essentia may be required to offer strategic advice including the preparation and development of an estate strategy, along with building surveying services, disposal of freehold and leasehold property, plus lend general advice and guidance on estate and property management.
The Crown Commercial Service is an executive agency and operates as a trading fund of the Cabinet Office. It is responsible for improving government commercial and procurement activity.
Tel: +44 (0) 20 7891 2349