Cabinet was provided with the details of the National Non-Domestic Rates Retail Relief scheme announced by Government as part of the Budget on 29 October 2018 and invited to approve the scheme.
Members were advised that the Government had announced as part of the Budget a number of measures to support businesses and to help high streets and town centres to evolve. One of the measures announced was a Retail Relief scheme to provide a discount for occupied retail properties with a rateable value of less than £51,000 in each of the years 2019-20 and 2020-21. The value of the discount would be one third of the bill with the discount awarded after mandatory reliefs and other discretionary reliefs had been applied. Appendix A to the report detailed the scheme 2019-20 and 2020-21.
That the Council’s Retail Relief Scheme for 2019-20 & 2020-21 attached at Appendix A to the report be approved.