Decision details

To approve a discretionary discount scheme which will give reliefs to businesses as outlined in the Autumn Statement.

(i)         that the retail rate relief discount scheme, which was originally agreed by the Executive on 24 March 2014, be amended so that a £1,500 discount is awarded to qualifying businesses for 2015/16 as detailed in paragraphs 3.1 to 3.4 of this report pursuant to the Council’s powers under section 47 of the Local Government Finance Act 1988 be approved;

(ii)        that the scheme extending transitional relief for 2 years from 1 April 2015 for properties with a rateable value of £50,000 or less as detailed in paragraphs 3.5 to 3.9 of this report be agreed pursuant to the Council’s powers under section 47 of the Local Government Finance Act 1988;

(iii)       that the Chief Finance Officer be authorised to implement the schemes referred to in paragraphs 2.1 and 2.2 of the report so that the agreed discretionary discounts and reliefs in business rates can be awarded in compliance with the criteria set out by the Department for Communities and Local Government.