(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.