Trouva shops to get help with business rates reductions
Trouva, the online marketplace, has secured a partnership with retail real estate advisors Harper Dennis Hobbs to help its community of 500 high street shops find a way to reduce their business rates bill.
The partnership will see Harper Dennis Hobbs offer a range of property services to Trouva’s network of independent boutiques, including bespoke business rates investigation and appeal services, on a ‘no win, no fee’ basis.
Additionally, Trouva shop owners will get access to assistance with rent reviews, lease renewals and negotiations, and expert advice in sourcing and acquiring new stores.
“There has never been more uncertainty around the future of our high streets, and at Trouva we’ve long been campaigning for a reduction in business rates so that independent shops don’t continually get punished by this archaic tax. Last April saw business rates rise yet again, meaning 1 million small businesses saw an unaffordable 3% increase in their rates,” explained Mandeep Singh, co-founder and CEO at Trouva.
“Although independents are starting to get help of sorts from the government via the Future High Street Fund, as a global platform for independent shopping, we see it as our responsibility to also make a practical difference to our community of boutiques which makes HDH a natural choice for our next strategic partnership. Independent stores don’t typically have the resource or budget to access tailored services from these real-estate experts."
“HDH’s partnership with Trouva will provide a much-needed boost to independent retailers,” added David Purslow, executive director at Harper Dennis Hobbs.
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