Decision details

RESOLVED:

17.1 The discretionary discount scheme (Revaluation Support) detailed in Appendix 1 of this report be approved pursuant to the Council’s powers under

section 47 of the Local Government Finance Act 1988;

17.2 The scheme be agreed for this financial year only, i.e., from 1 April 2017 to 31 March 2018. A further report will be presented to Cabinet in 2018 detailing the proposed schemes for 2018/19, 2019/20 and 2020/21 once actual scheme take up and cost is known for 2017/18 and whether or not funding allocations for each year can be moved from one year to another;

17.3 That the two schemes announced in the March budget (Support for Pubs and Supporting Small Businesses) and detailed in sections 4.0 – 5.3 of the Cabinet report be approved pursuant to the Council’s powers under section 47 of the Local Government Finance Act 1988; and

17.4 The Chief Finance Officer be authorised to implement the three schemes

as detailed in Appendix 1 and sections 4.0 – 5.3 of the Cabinet report so that the agreed discretionary discounts for business rates can be awarded in compliance with the scheme criteria.