Decision details

The Council has received £535,000 grant funding from Central Government to support businesses that have been impacted by the revaluation of business properties.  The Cabinet will be asked to approve a new relief policy for dispersing the funding to affected businesses in the current financial year.

The Cabinet resolved to:

(i)  Note the four-year grant funding arrangements for the Local Discretionary Rate Relief Scheme, following which the costs of providing relief to the affected businesses would need to be absorbed into the Council’s overall budget; and

(ii)  Approve the Local Discretionary Business Rate Relief Scheme 2017/18, as set out at Appendix A to the report.