London · 2025-26
Business Rates in Greenwich
Businesses in Greenwich paid £104.8m in net business rates during 2025-26, above the average English council's £93.2m.
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Relief granted in Greenwich
Share of £35.0m total relief, 2025-26.
Greenwich at a glance
Greenwich granted £35.0m in relief overall, higher than the national council average of £26.3m. This included £7.0m in Small Business Rate Relief and £5.8m in retail, hospitality and leisure relief.
A further £14.2m went to charity relief and £4.5m to empty property relief, reflecting the mix of ratepayers across the local authority.
Greenwich has an estimated 9,950 active businesses, according to the latest ONS Business Counts (2025).
Greenwich ranks 98 out of 296 local authorities in England on the 2025 Index of Multiple Deprivation, where 1 is most deprived and 296 is least deprived.
Following the 2026 revaluation, the total rateable value of industrial property in Greenwich rose by 20.8% — if this pushed your assessment too high, an appeal may be worth considering.
Frequently asked questions
How much are business rates in Greenwich?
Greenwich's local authority collected £104.8m in net business rates income during 2025-26, based on the national multiplier applied to each property's rateable value, less any relief granted.
What reliefs are available in Greenwich?
Greenwich granted £35.0m in business rates relief in 2025-26, including £7.0m in Small Business Rate Relief, £5.8m in retail, hospitality and leisure relief, £14.2m in charity relief, and £4.5m in empty property relief.
How do I know if I'm overpaying?
If your rateable value looks high compared to similar properties nearby, or you're not currently receiving relief you may be entitled to, it's worth checking your assessment. Use our free checker to compare your rateable value and see if you may be eligible for a reduction or backdated refund.
Greenwich compared with London and England
- Average rateable value
- £42,298£22,623 below the London average (£64,921)£8,308 above the England average (£33,990)
- Largest sector by value
- Other commercial property, 39.3%15.5 percentage points above its 23.8% share in London
- Total rateable value, 2023 to 2026 list
- +25.9%London: +22.5%England: +19.6%
Counts and rateable values are from the stock of properties at March 2026, on the 2023 rating list. Changes are from the 2026 revaluation, comparing the 2023 rating list with the 2026 rating list.
Property mix
At £42,298, Greenwich's average rateable value ranks 58th of 296 councils in England and 19th of 33 in London. The largest group of Greenwich's rateable properties is retail property (34.5%), yet other commercial property holds the largest share of value (39.3%).
Retail makes up 34.5% of Greenwich's rateable properties and 27.1% of its rateable value, both above the 28.9% and 19.7% across London. At March 2026, around 70 of Greenwich's rateable properties had a rateable value of £500,000 or more, rising to around 90 on the 2026 list.
Change at the 2026 revaluation
Greenwich's +25.9% change in total rateable value at the 2026 revaluation was stronger than in 30 of the 32 other councils in London. The sharpest increase in Greenwich was in other commercial property, where total rateable value rose 39.9% at the 2026 revaluation, compared with +44.5% for other commercial property across London. No sector fell in Greenwich: retail property moved least, up 8.5% at the 2026 revaluation, compared with +13.6% for retail property across London.
Reliefs
In 2025-26, relief in Greenwich came to 24.5% of gross rates payable, above the 21.2% for England as a whole. Charity relief was the largest of the four main reliefs in Greenwich, at 40.7% of total relief, above 29.7% across England.
Source: HM Revenue & Customs, using Valuation Office Agency data, and MHCLG relief returns. Open Government Licence v3.0. Method and rounding: /methodology.
See how Greenwich compares with the rest of the region: Business rates in London, State of Business Rates in England 2026 →
Nearby areas
Compare with other councils in London
Other London councils with their average rateable value, listed from the closest to Greenwich's £42,298.
- Business rates in Bexley£42,138 average rateable value, £160 lower than Greenwich
- Business rates in Sutton£43,099 average rateable value, £801 higher than Greenwich
- Business rates in Brent£41,303 average rateable value, £995 lower than Greenwich
- Business rates in Wandsworth£43,865 average rateable value, £1,567 higher than Greenwich
- Business rates in Richmond-upon-Thames£39,824 average rateable value, £2,474 lower than Greenwich
- Business rates in Ealing£39,706 average rateable value, £2,592 lower than Greenwich
Figures from MHCLG National Non-Domestic Rates statistics (2025-26), ONS UK Business Counts (2025), and English Indices of Deprivation (2025).
Updates for Greenwich
By email.