Issue - decisions

Discretionary Rates Relief for Labcorp Drug Development (formerly known as Covance by Labcorp)

01/10/2021 - Discretionary Rates Relief for Labcorp Drug Development (formerly known as Covance by Labcorp)

The Chief Officer Financial Services has approved the request from Labcorp Drug Development for business rates relief at £335,000 over a three year period from FY21/22 and the rates relief be released incrementally over 3 years as follows: 40% in FY 2021/22 (£134,000), 40% in 2022/23 (£134,000) and 20% in 2023/24 (£67,000).