Issue - meetings

Prospective Participation in 75% Business Rates Retention Scheme

 

 

Meeting: 18/09/2018 - Policy, Finance & Development Committee (Item 22)

22 Prospective Participation in 75% Business Rates Retention Scheme pdf icon PDF 87 KB

Report of the Director of Finance & Transformation / Section 151 Officer

Minutes:

The Committee received the report as set out on pages 21-24 of the agenda, which asked it to approve the Council’s participation in a Leicester/shire-wide application to participate in a 75% Business Rate Retention Scheme for 2019/20.

 

It was moved by the Chair, seconded by the Vice-Chair and

 

UNANIMOUSLY RESOLVED THAT:

 

(i)       The Council’s application to participate in a pilot scheme allowing for 75% Business Rate Retention in 2019/20 in accordance with the principles set out in the report as part of the Leicester/shire-wide proposal be approved; and

(ii)     Delegated authority be given to the Director of Finance & Transformation, in consultation with the Chair of the Policy, Finance and Development Committee and the Leader of the Council to agree on behalf of the Council, and the other authorities within Leicester and Leicestershire, the detail contained within the application to participate in the pilot scheme.