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Rating revaluation update
25 May 2017 Cheryl Pick, Projects and Engagement Manager
The rating revaluation exercise led by UUK and jointly funded by AUDE and BUFDG, has resulted in Gerald Eve producing a public update paper for the sector. It explains the recent changes to the category costs, provides a timeline for what comes next, and gives some guidance on how the MoA might be used to help institutions. Please find the fourth update from UUK along with the Gerald Eve memo. These will also be available on the UUK website shortly.
Good news for members
The negotiations with the VoA are proving to be positive and all institutions should have seen a drop in their actual bills, compared to the original September 2016 initial proposals. The headline reduction is from a 53% rise to 35% for the sector, although individual assessments will vary depending on the type of buildings within their estate.
Report summary
Another negotiation meeting took place on 3rd May.
There is not yet agreement on categories costs, but the VOA are considering Gerald Eve proposals. We are awaiting news from the VOA
Beyond category cost rates, Gerald Eve still plan to negotiate on other, comparatively minor points, including ‘stage 2 allowances’.
The next negotiation meeting will be 29th June.
Also of note, although Gerald Eve state that they have had confirmation from the VOA that an MOA will be agreed before the end of March 2018, Gerald Eve have since signalled to UUK that they fully plan to conclude negotiations this calendar year.
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25 May 2017 
Cheryl Pick, Projects and Engagement Manager
