Decision details

(A) Approve implementing the discretionary business rates’

grant scheme using the same eligibility as criteria as

agreed in February 2017 but with following adjustments: 

-         Rateable value eligibility is between 12,000 – 51,000

to match the national retail rate relief scheme

-         Up to 50% of one year’s business rate liability is

availableafter all other discounts and exemptions

are applied

-         National chains not eligible to apply

-         Scheme in place until the national retail relief

scheme expires (31 March 2021) or the balance of

£65,079.07 is allocated (whichever is soonest)

(B)that the balance of £65,079.07 comes from the £150,000

allocated from the New Homes Bonus Reserve by

Executive in February 2017.