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London Business Rates Pilot Pool

Meeting: 22/11/2017 - Council (Item 118)

118 London Business Rates Pilot Pool pdf icon PDF 2 MB

Minutes:

The Mayor moved that the recommendations be approved and this was

seconded by Councillor Jim Mallory. Following a contribution from the

Councillor Bonavia, it was unanimously :

 

RESOLVED that the proposal to create a London Business Rates pilot pool

based on the principles set out in the London Councils proposals be

endorsed, with a preference for Option D as set out (i.e. greater weighting to

“needs” and “population” (each 30%) with equal remaining weightings of 20%

for “incentives” and “investment” pots).