Business_Floorspace__Experimental_Statistics__release_notes.doc - Business Floorspace(Experimental Statistics Release Notes 17 May 2012 Contents Summary


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Business Floorspace (Experimental Statistics) Release Notes - 17 May 2012 Contents Summary This new experimental statistical release provides a time series of statistics on the floorspace and rateable value of a range of classes of property liable for business rates. Statistics are shown as 31st March each year from 2000 to 2012. The estimates of numbers of hereditaments, total rateable values, total floorspace and average RV per metre squared are derived from data for England and Wales extracted from the Valuation Office Agencys administrative database on 31st March 2012. These statistics are labeled as Experimental. "Experimental statistics are new official statistics that are undergoing evaluation. This gives statistical producers an opportunity to engage more closely with users of the statistics in order to arrive at outputs that are of greatest use to the user community as a whole. The VOA statistics team invites readers to comment on experimental publications, which will help inform future releases. Comments may be sent to [email protected] . Use made of the data This publication is being released as part of a general drive towards making VOAs data more accessible. In the past, the VOA has provided data to Department for Communities and Local Government (DCLG) to compile Commercial and Industrial Floorspace statistics, though final publication of this release was in March 2009. These data were of use to local authority planners and policy makers, the property profession and others requiring information on commercial and industrial stock. The statistics presented in this release are not directly comparable with the Commercial and Industrial Floorspace statistical series - for several reasons: Historic figures in this release (for example statistics representing the Rating Lists as at the 1st April 2000) are compiled using the latest data available (extracted 31st March 2012) and this will include backdated assessments or other amendments not reflected in earlier statistical series. The methodology for processing the floorspace data extracted from the VOAs various administrative sources is in development. One of the reasons that CLG discontinued the series is that they were time-consuming and expensive to produce. The VOA is exploring a simplified methodology, while striving to maintain and improve the accuracy and validity of these data.
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New classifications have been designed with regard to user needs and to reflect data quality and operational operational practises in collecting and recording floorspace data. The purpose of these statistics is to inform at a broader level on the number, size and value of properties by category. Those interested in specific valuations or assessments should consider the summary valuation lists, published by the VOA.
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