Decision details

Business Rates Relief Policy and the Restart Grants for businesses

Decision Maker: Director of Finance and Corporate Services

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

Business Rate reliefs will be awarded to eligible retail, hospitality, leisure and nursery properties in England and will not be restricted by the rateable values;

 

  • 100% from 1 April 2021 to 30 June 2021.
  • 66% business rates relief for the period from 1 July 2021 to 31 March 2022

 

In addition, Government are providing businesses that are listed on the business rates valuation list with Restart Grants to support them in the recovery phase of restrictions being eased across the country.

 

Decision:

To approve the updated Business Rates Relief Policy and the Restart Grants for businesses as set out in the appended policy and report.

Reasons for the decision:

Local Authorities use their discretionary relief powers under S47 of the Local Government Finance Act 1988 (as amended) to administer the following financial support to local businesses:

 

  1. The Business Rate Relief policy has been updated to include the expanded retail relief and the Nursery discount which will continue for 2021/22

 

  1. Administer the Restart Grants as set out in the March Budget

 

The Council will be fully reimbursed for both schemes.

Alternative options considered:

None.

Urgent item?: Yes

Publication date: 29/03/2021

Date of decision: 29/03/2021

Accompanying Documents: