Issue - meetings

Adoption of 2018/19 Business Rates High Street Rate Relief Scheme

Meeting: 24/04/2018 - Cabinet (Item 168)

168 Adoption of 2018/19 Business Rates High Street Rate Relief scheme pdf icon PDF 89 KB

Additional documents:

Decision:

As detailed in the recommendations.

Minutes:

Councillor Mullin introduced the Adoption of 2018/19 Business Rates High Street Rate Relief Scheme report which outlined the Welsh Government’s (WG) scheme which was designed to provide high street retailers with temporary rate relief.

 

            The Chief Officer (Strategic Programmes) explained that eligibility for the WG backed scheme was based on a two tier system, providing relief of up to £750 to retail high street businesses with rateable values between £12,001 and £50,000 that had seen increases in their business rate liability as a result of the 2017 national revaluation.  It also provided relief of up to £250 for smaller retain high street businesses with rateable values of up to £12,000.

 

            Members welcomed the scheme to reduce the impact of the 2017 revaluation for some businesses. 

 

RESOLVED:

 

(a)       That the 2018/19 Welsh Government grant scheme for High Street Rates Relief in line with provisions contained in section 47 of the Local Government Finance Act 1988 be adopted;

 

(b)       That the automatic awards, without application forms, to those qualifying businesses that can be easily identified through Business Rate records be approved; and

 

(c)        That awards to any remaining businesses that may be eligible following receipt of a valid application form be approved.