Issue - decisions

Discretionary Rates Relief (Employment Safeguarding and Retention) for Steeper

24/10/2016 - Discretionary Rates Relief (Employment Safeguarding and Retention) for Steeper

The Chief Officer Economy and Regeneration has approved the request from Steeper for rates relief and to offer the maximum available relief of €200k (£170,340) in years 4 and 5 of the company’s occupation at Intermezzo Drive and up to a further £85,170 (€100k) in year 3 but only if the BGP grant condition be met. As the government splits the cost of rate relief with the Council on what is essentially a 50/50 basis, this equates to a maximum cost of £127,755 (€150k) to the Council.