Small businesses in Serviced Offices are missing out because of a loophole in the Small Business Rates Relief scheme, meaning shared offices without a Business Rates account with their local authority do not receive a £10,000 cash grant.

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The amounts of money being missed out on are staggering, here are our figures for the regions:

• Leeds – 3% of all small businesses in 108 serviced offices = £54m
• Birmingham – 5% of all small businesses in 123 serviced offices = £61m
• Manchester – 4% of all small businesses in 188 serviced offices = £94m
• Bristol – 5% of all small businesses in 115 serviced offices = £57m
• Nottingham – 5% of all small businesses in 80 serviced offices = £40m
• Sheffield – 5% of all small businesses in 59 serviced offices = £30m
• Milton Keynes – 5% of all small businesses in 37 serviced offices = £18m
• Newcastle – 5% of all small businesses in 59 serviced offices = £30m
• Liverpool – 6% of all small businesses in 70 serviced offices = £35m
• Brighton – 5% of all small businesses in 36 serviced offices = £18m
• Northampton – 5% of all small businesses in 37 serviced offices = £18.5m
• Cardiff – 3% of all small businesses in 41 serviced offices = £20.5m
• Oxford – 2% of all small businesses in 33 serviced offices = £16.5m
• Cambridge – 3% of all small businesses in 42 serviced offices = £21m