18/06/2026
There have been some misleading reports circulating regarding the council’s investment, business rates, service charges and proposed rent at the Piano Building in Kidderminster town centre.
The ÂŁ9 million mentioned is in fact the total project cost, not the building acquisition cost, which accounted for about 25% of the total investment.
To clarify on business rates, they are set by central government, not local councils. Local councils' role is to collect business rates on behalf of central government.
The current proposed rents for the Piano Building are set at 20% below market level already. All rental income generated from this asset and the council's commercial portfolio goes towards securing financial sustainability for services that local communities value.
Service charges reflect the costs of maintaining and running the building and are shared between tenants. This is standard estate management practice as set by the Royal Institution of Chartered Surveyors (RICS). The council is not making any profit from these proposed service charges.
The Piano Building redevelopment has been supported by the government’s Levelling Up Fund for Kidderminster.