FIRMS in East Lancashire hit by flooding could use it to their advantage. Auctioneers and valuers Singletons of Blackburn point out that firms affected by flooding should consider applying for a rateable value reduction.

Property that is vulnerable to flooding and attracts higher insurance premiem could be eligible for cuts. "Reductions of as much as 20 per cent can be achieved in some cases," said Carl Ardern, Singletons partner.

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