Decision details

Cabinet Member approval sought.

That the Leader of the Council gave approval to provide a Business Rate National Non-Domestic Rates “Localism” allowance of a 100% of the annual net business rate liability under section 47 of the Local Government Finance Act 1988, as amended by the Localism Act 2011, to organisations occupying properties that meet the criteria outlined in section 4 of this report (up to the State Aid annual limit). 

Reason for Decision

The proposed National Non-Domestic Rates “Localism” allowance supports the Council’s commitment under the City Plan to support Grassroots Music venues in the Soho Special Policy Area.  The Soho Special Policy Area is shown in Appendix A of the report.