Decision Maker: Cabinet Member for Finance and Council Reform
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Summary of Decision
The Cabinet Member has approved the extension of the Business Rate NNDR “Localism” allowance of a 100% of the net business rate liability under section 47 of the Local Government Finance Act 1988, as amended by the Localism Act 2011 to the ratepayers of meanwhile use activations as listed in the report.
Reason for Decision
The previous NNDR Localism relief enabled the council to deliver 12 activations, however the fact the previous relief ended on the 31st March 2022 presents challenges for current activations that are operational and which have received authorisation from the council and property owners.
From the 1st April 2022, the project partnership fee contributions increased due to the Central Government’s rates holiday period ending on 31st March 2022; meaning from 1st April 2022 properties will be eligible for a 50% retail discount, capped at £110,000 per business. Property owners are aware that these factors will reduce the level of localism discount which is currently covered by the project partnership fee, thus increasing the project partnership fee.
Publication date: 01/07/2022
Date of decision: 01/07/2022