Decision Maker: Executive
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
(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.
Report author: Ben Wood
Publication date: 08/10/2019
Date of decision: 08/10/2019
Decided at meeting: 08/10/2019 - Executive
Effective from: 18/10/2019
Accompanying Documents: