Business Premises Renovation Allowances (BPRAs)

This valuable relief is available to help regenerate commercial property in deprived areas of the UK. Part of a broader package, BPRAs was introduced to tackle the problems associated with empty commercial property, including the restriction of business rates relief for empty property.

This 100% relief is available for the repair, refurbishment or conversion of commercial property (including factories, offices and shops, but not residential property) in a designated disadvantaged area and which has been empty for at least a year. The full cost of qualifying expenditure can be set against profits.

Designated assisted areas are located throughout England, Scotland, Wales and Northern Ireland and include rural, urban and city centre areas. The list of areas covered by the BPRA scheme was updated in 2014 and can be found here.

Contact us with your proposed plans and we can determine whether you qualify for this valuable relief: it could transform an unviable project into a profitable opportunity.

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