State of Business Rates in England 2026 · 35 councils
Business rates in East Midlands
The East Midlands has the lowest office share of any English region at just 8.4% of total rateable value — under a fifth of London's 45.4% — and the highest industrial share, at 44.2%, making it the country's most industrial-dominated commercial property market. The region's average business rateable value is £28,602 at March 2026 across 35 councils and 161,330 rateable properties, with a total rateable value of £4.61 billion.
North West Leicestershire leads the region by average value, at £66,189 — the eleventh-highest of any English council — reflecting its position within the East Midlands Gateway logistics and distribution hub. Blaby (£47,927) and West Northamptonshire (£43,209), both benefiting from motorway-corridor warehousing, follow. At the lower end, West Lindsey (£17,763), East Lindsey (£16,813) and Derbyshire Dales (£12,933) — rural Lincolnshire and Peak District authorities — sit well below the regional average.
The 2026 revaluation lifted the East Midlands' total rateable value by 16.4%, the smallest regional rise and behind England's 19.6%. Industrial values rose 18.8%, below the 21.4% for England but on a much larger industrial base. Office values rose just 5.9%, the smallest office increase of any English region, reinforcing how marginal the office sector is to this region's economy. Retail rose 9.7%, in line with England's 10.0%.
The East Midlands holds 1,120 properties with a rateable value of £500,000 or more at March 2026, 6.6% of the national total — below its 11.8% share of England's councils, unlike London, where high-value property is disproportionately concentrated.
For businesses in the East Midlands, the region's economy — and its business rates bill — is shaped overwhelmingly by logistics and distribution rather than retail or office space, a pattern the 2026 revaluation left largely intact: industrial property was 44.2% of the region's rateable value on the 2023 list and 45.1% on the 2026 list.
Sector mix
The region's commercial property base is dominated by industrial and distribution uses: 44.2% of total rateable value at March 2026 sits in industrial property, the highest share of any English region, while offices account for just 8.4% — the lowest office share nationally.
All 35 councils in East Midlands
| Council | Average rateable value, March 2026Average RV | Change in total rateable value at the 2026 revaluationChange | Rank in EnglandRank |
|---|---|---|---|
| North West Leicestershire | £66,189 | +18.7% | 11 of 296 |
| Blaby | £47,927 | +13.3% | 40 of 296 |
| West Northamptonshire | £43,209 | +18.1% | 55 of 296 |
| Harborough | £42,291 | +19.8% | 59 of 296 |
| North Northamptonshire | £34,708 | +21.3% | 95 of 296 |
| Hinckley & Bosworth | £32,845 | +13.7% | 111 of 296 |
| South Derbyshire | £32,524 | +14.6% | 116 of 296 |
| Bolsover | £31,693 | +18.0% | 120 of 296 |
| Lincoln | £30,058 | +16.1% | 135 of 296 |
| Charnwood | £29,970 | +15.6% | 137 of 296 |
| Derby UA | £29,155 | +13.8% | 138 of 296 |
| Nottingham UA | £28,959 | +13.0% | 143 of 296 |
| Ashfield | £28,207 | +13.8% | 147 of 296 |
| Bassetlaw | £28,166 | +21.1% | 148 of 296 |
| Broxtowe | £27,579 | +14.2% | 155 of 296 |
| Rushcliffe | £26,732 | +15.6% | 169 of 296 |
| Newark & Sherwood | £26,252 | +20.3% | 176 of 296 |
| Melton | £25,675 | +12.5% | 182 of 296 |
| Gedling | £24,827 | +15.7% | 189 of 296 |
| Leicester UA | £24,600 | +15.1% | 192 of 296 |
| Oadby & Wigston | £24,398 | +14.4% | 195 of 296 |
| Chesterfield | £24,396 | +13.9% | 196 of 296 |
| South Kesteven | £24,178 | +16.0% | 199 of 296 |
| North Kesteven | £24,045 | +15.0% | 202 of 296 |
| Amber Valley | £23,252 | +14.5% | 212 of 296 |
| South Holland | £22,381 | +10.5% | 224 of 296 |
| Boston | £22,268 | +10.2% | 227 of 296 |
| Mansfield | £22,268 | +13.7% | 228 of 296 |
| Rutland UA | £21,106 | +18.8% | 239 of 296 |
| High Peak | £20,418 | +13.3% | 243 of 296 |
| Erewash | £18,898 | +11.1% | 254 of 296 |
| North East Derbyshire | £18,389 | +14.3% | 261 of 296 |
| West Lindsey | £17,763 | +16.1% | 269 of 296 |
| East Lindsey | £16,813 | +24.5% | 275 of 296 |
| Derbyshire Dales | £12,933 | +19.9% | 292 of 296 |
Averages are means: total rateable value divided by the number of properties, so a small number of very high-value properties can pull them up. Ranks are by average rateable value.
Source: HM Revenue & Customs, using Valuation Office Agency data: 'Non-domestic rating: stock of properties, March 2026' and 'Non-domestic rating: change in rateable value of rating lists, England and Wales, 2026 Revaluation (compiled list)' — Open Government Licence v3.0
Other regions
- London£64,921
- South East£35,296
- East of England£32,135
- West Midlands£28,222
- North West£25,329
- Yorkshire and The Humber£24,643
- North East£24,511
- South West£23,944
Read the national report: State of Business Rates in England 2026 →
Latest: Business rates at the 2026 revaluation: what the official figures show (17 October 2026)
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