I think it was quite a popular store. It s quite a big brand and has an online presence. If it s the only casualty after the lockdown, we will have done quite well. It s a good, strategic site and I don t envisage it will be empty for very long.
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I think it was quite a popular store. It s quite a big brand and has an online presence. If it s the only casualty after the lockdown, we will have done quite well. It s a good, strategic site and I don t envisage it will be empty for very long.
Become a Supporter
This newspaper has been a central part of community life for many years. Our industry faces testing times, which is why we re asking for your support. Every contribution will help us continue to produce local journalism that makes a measurable difference to our community.
Business rates appeals soar as property experts slam government s ban on Covid-19 review requests
Business rates appeals have soared since the beginning of the pandemic, with experts branding the government’s decision to block reconsiderations based on Covid-19 as a “material change of circumstance” as a “disgrace”.
The latest figures showed that, between 1 April last year and the end of March 2021, 409,430 checks had been lodged by firms, launching the first stage of the appeals process, according to Colliers data.
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Business rates appeals soar as property experts slam government’s ban on Covid-19 review requests
In comparison, 158,910 checks were registered in the previous three years- since the start of the list in April 2017 to end of March 2020, demonstrating the business disruption caused by Covid-19.
Middlesbrough’s mayor Andy Preston tells ITV News Business and Economics Editor Joel Hills that House of Fraser needs to start paying rent soon or leave the town
The House of Fraser in Middlesbrough is a striking Art Deco-style building. Built in Portland Stone across six floors in 1957, it sits in the heart of the town centre.
The department store had been set to close but last summer, Middlesbrough Council stumped up £1 million to buy the building as part of plans to revive the centre’s fortunes.
Until now, the council has allowed Mike Ashley’s Frasers Group to continue to use the 100,000 square feet of retail space rent-free but Middlesbrough’s mayor insists that unless House of Fraser starts paying rent “soon” then the company will be turfed out.
Business rates relief snub costs Sainsbury s £400m as profit slumps despite lockdown sales boost
A deicsion not to take business rates relief cost Sainsbury s £410m (Photo by Chris J Ratcliffe/Getty Images)
The last year saw most Brits spend up large at the supermarket, but despite a sales boom Sainsbury’s first quarter profit has slumped because it chose to say no to business rates relief.
Sainsbury’s, the UK’s second largest grocer after Tesco , said it made an underlying pretax profit of £356m in the year to 6 March, down 39 per cent from £586m the year before.
The group declined business rates relief offered by the government worth about £410m