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The Government has recently announced a number of initiatives which will support billions of pounds of private sector investment in Africa \u2013 essential to delivering the Sustainable Development Goals by 2030. Initiatives announced include a collaboration with the City of London on a competition for fund managers to identify new investment products for Africa, making it easier and more appealing for global investors to put money into African projects at scale. This and other initiatives build on the City\u2019s role as a global hub for development finance, supporting jobs and growth abroad, as well as in the UK.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4051", "label" : {"_value" : "Biography information for John Glen"} } , "answeringMemberConstituency" : {"_value" : "Salisbury"} , "answeringMemberPrinted" : {"_value" : "John Glen"} , "dateOfAnswer" : {"_value" : "2020-01-28", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2020-01-28T14:00:59.787Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2020-01-20", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Economic Situation"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Chancellor of the Exchequer, whether his Department has made an assessment of the potential effect of the decision to spend official development assistance on a collaboration with the City of London on efforts to rebalance the UK economy, particularly in the field of international investment services.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/3943", "label" : {"_value" : "Biography information for Jonathan Edwards"} } , "tablingMemberConstituency" : {"_value" : "Carmarthen East and Dinefwr"} , "tablingMemberPrinted" : [{"_value" : "Jonathan Edwards"} ], "uin" : "5388"} , {"_about" : "http://data.parliament.uk/resources/1171874", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1171874/answer", "answerText" : {"_value" : "

The Rateable Value (RV) of any non-domestic property represents the annual rent a property would achieve if let on the open market at a valuation date which is set in law. For the current RVs, effective from 1 April 2017, the set valuation date is 1 April 2015.<\/p>

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The VOA uses a hierarchy of internationally recognised valuation approaches for assessing RV:<\/p>

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