Overview
- Press Association analysis of Valuation Office Agency data by Ryan reports about a 295% sector-wide uplift in airport rateable values, with the steepest increases concentrated outside London.
- Transitional relief will cap next year’s rise at 30%, yet most airports are still expected to see their bills more than double over the next three years.
- Manchester’s bill is set to climb by £4.2m to £18.1m next year, with Bristol up £1.2m to £5.2m and Birmingham up £1.8m to £7.6m.
- Newcastle faces a £244,755 increase to £1.1m, while Liverpool, East Midlands and Bournemouth are set to rise to about £1m, £1.9m and £443,723 respectively.
- Manchester Airports Group says increases of more than 100% require a rethink of over £2bn in planned investment, and AirportsUK is preparing a response to a Treasury consultation that closes in February alongside a longer-term review.