Issue - meetings

Updated Rate Relief Policy

Meeting: 12/03/2019 - Finance and Corporate Services Committee (Item 950)

950 Updated Rate Relief Policy pdf icon PDF 94 KB

To consider the report of the Director of Service Delivery (copy enclosed).

Additional documents:

Minutes:

The Committee considered the report of the Director of Service Delivery seeking Members’ approval of the updated Discretionary Non-Domestic Rate Relief Scheme (attached as Appendix 1 to the report).  This Scheme updated and replaced the Councils existing policy to reflect changes announced by Central Government to support retail businesses.  It was noted that the new Scheme would be fully funded by Central Government.

 

Members were advised that the new Retail Relief Scheme would enable additional financial support of up to one third of the total rates bill for eligible retail businesses with a rateable value of less than £51,000.

 

RECOMMEDED that the proposed Discretionary Non-Domestic Rate Relief Scheme attached as APPENDIX 1 to these Minutes be approved.