Aylesbury to revamp commercial assets - commercial mortgages

10 October 2007

Firms in Aylesbury could be set to benefit as the town improves the way in which it handles its commercial property holdings.

The Aylesbury Vale District Council will see help from the private sector in an effort to encourage inward investment in its commercial assets, according to the Bucks Herald.

The newspaper has advised that around £4 million in rental income is produced every year by businesses which occupy the 250 premises owned by the council, indicating the level of income able to be generated by those with commercial mortgages.

"Offering good quality business property acts as a catalyst for growth. We want to improve the availability and standards of our commercial properties so that businesses can expand in or relocate to Aylesbury Vale," advised cabinet member for economic development Michael Edmonds, according to the Herald.

Last month small businesses across the UK were warned that they should complete rate relief forms by the end of September in order to save money before the government changed regulations.