O2 and Wembley among venues calling for business rates cut
UKPulse Money Desk
Representatives for major venues, including Wembley Arena and the O2, have urged the Treasury to extend a reduction on business rates to larger sites. They claim that every 10,000 fans generate £1 million for the economy.
- Venues including Wembley Arena, the O2, and Alexandra Palace have made a case to the Treasury.
- They are seeking an extension of business rates reductions to larger sites.
- Representatives state that every 10,000 fans generate £1 million for the economy.
Representatives for venues such as Wembley Arena, the O2, and Alexandra Palace have reportedly called on the Treasury to extend a reduction on business rates to include bigger sites. The venues argue that for every 10,000 fans, £1 million is generated for the economy.
This appeal to the Treasury highlights the economic contribution of these larger venues and their desire for business rates relief.