Businesses On Grenfell Tower Estate To Resume Paying Reduced Rent

Businesses On Grenfell Tower Estate To Resume Paying Reduced Rent

Dozens of businesses in the shadow of Grenfell Tower are to resume paying rent and service charges at a reduced rate, the local authority has announced.

Around 40 companies will receive a 50% discount on rent and service charges for two months “in recognition of the disruption to services caused by the fire last summer”, Kensington and Chelsea Council (RBKC) said.

A further six months will see businesses given a 25% compensation package.

Some 71 people died in the June 14 tower block blaze.

The charred Grenfell Tower looms over the west London neighbourhood (Jonathan Brady/PA)

Since then, businesses operating out of Baseline Studios, in a council-owned premises on the Lancaster West estate where the tower lies, have not had to pay rent.

RBKC estimates this amounts to almost £200,000 waived, while an additional £25,000 in business rates relief has also been provided.

Deputy leader of the council Kim Taylor-Smith said: “Alongside residents, schools and services, we have always said we stand shoulder-to-shoulder with local companies affected by the fire.

“We hope today’s announcement will offer continued reassurance to commercial owners that we’re here for them – as well as encourage those in north Kensington to shop locally to support small businesses in the borough.”


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