Decisions for issue Business Rates - rate relief schemes

RESOLVED: That the Committee

(i)            Approved the policy for Discretionary Rate Relief at Appendix 2.

(ii)          Approved the proposals in paragraphs 3.13 to 3.20 concerning

Revaluation Rate Relief for 2018 to 2021, summarised as follows:

· The policy from 2017-18 shall be continued for the remaining lifetime of the Revaluation Rate Relief scheme

· The qualifying Rateable Value threshold shall be reduced to £80,000 for 2018-19.

· Starting thresholds for future years shall be set at £40,000 for 2019-20 and £15,000 for 2020-21

· Officers shall be empowered to alter the thresholds incrementally during each year, or to alter the other parameters of the scheme, to maximise the use of available government funding