Issue - decisions

Amendment to Discretionary Business Rate Relief Policy

23/01/2018 - Amendment to Discretionary Business Rate Relief Policy

To ensure that the Council allocates the remaining  Business Rates Local Discretionary Scheme funding, the percentage of relief that is awarded to the Businesses identified in our scheme would change to the following:

 

Increase > 25%:

Initial Award 10%                            

Award additional 10%, giving a total 20% reduction.

                                          

Increase 20-25%              

Initial Award 10%                            

Award additional 5%, giving a total 15% reduction.

 

Increase 15-20%               

Initial Award 5%                               

Award additional 5%, giving a total 10% reduction.

 

Increase 10- 15%             

Initial Award 5%                               

Award additional 2.5%, giving a total 7.5% reduction.

 

The following amendments would allow for approximately £180k of further relief to be allocated. This would still leave around £36k for any additional cases that may arise.