Issue - meetings

As detailed in the recommendation.

Councillor Mullin introduced the Business Rate – High Street and Retail Rate Relief Scheme report.

Welsh Government (WG) had recently announced a £23.6m package of additional funding across Wales to continue and expand the High Street Rate Relief Scheme to eligible ratepayers for 2019/20.

The Chief Officer (Governance) said the enhanced scheme, which was fully funded by WG, would provide support of up to £2,500 towards Business Rates bills for retail properties with a rateable value of up to £50,000.  As well as increasing the level of support for retailers in town centres, the enhanced scheme would support retailers in other locations.  The scheme was designed to make full use of the consequential funding WG had received in the UK Autumn Budget.

RESOLVED:

That the High Street and Retail Rates Relief Scheme for 2019/20 be adopted and rate relief of up to £2,500 to eligible retail businesses be provided.