Decision details

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 31^st March 2022 presents challenges for current activations that are operational and which have received authorisation from the council and property owners.

From the 1^st April 2022, the project partnership fee contributions increased due to the Central Government’s rates holiday period ending on 31^st March 2022; meaning from 1^st 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.