After effective negotiations and some successful appeals, the overall business rates bill for Ludlow has gone down. The town had been facing above average increases after the revaluation of properties last year. It is still facing above average increases but more than seventy businesses have had their rates bills reduced since the increases were announced. One in nine Ludlow businesses will see a reduction in rateable value and the changes have moved three local businesses out of the business rate regime altogether. The reduction in rateable values for those businesses that pay rates under the current rules amounts to £120,000. That’s a 10.4% reduction and good news for local companies and traders.