Approval of the proposed design of a locally administered Business Rate Relief Scheme, which is intended to provide targeted support to businesses affected by the 2017 business rates revaluation. Each local authority must design and implement their own scheme.
The scheme will result in expenditure of up to £2.9m over 4 years, but will be fully funded by Government. This decision is key as the design of the scheme has a potential financial impact on businesses across the city.
Also formal approval of the two national business rate relief schemes announced by Government: support for small businesses losing Small Business Rate Relief and a £1,000 business rate discount for public houses with a rateable value of up to £100,000.
Decision type: Key
Reason Key: Affects more than 1 ward;
Decision status: Recommendations Approved
Notice of proposed decision first published: 11/04/2017
Decision due: 21 Jun 2017 by Executive Board
Lead director: Director of Resources
Department: Resources and Housing
Contact: Mark Amson, Business Rates Manager 0113 378 8290 Email: mark.amson@leeds.gov.uk.
Consultation process
Consultation with Major Precepting Authorities is required by Government. Consultation with business representative organisations is also proposed and a consultation document will be provided.
Consultees
West Yorkshire Fire & Rescue Authority; business representative organisations.
Portfolio Holder: Executive Member for Resources and Strategy