Having considered an officer report and a presentation by the Cabinet
Member for Resources, Councillor Kevin Bonavia, the Cabinet agreed that:
(1) the Business Rates Revaluation Support Scheme (Revaluation Support)
be approved in accordance with the Council’s powers under section 47 of the
Local Government Finance Act 1988;
(2) the scheme be agreed for this financial year only, i.e. from 1 April 2017 to
31 March 2018 and a further report be presented to the Mayor and Cabinet
in 2018 detailing the proposed schemes for 2018/19, 2019/20 and 2020/21
once the actual scheme take up and cost is known for 2017/18;
(3) the 2 schemes announced in the March 2017 budget (Support for Pubs
and Supporting Small Businesses) be approved pursuant to the Council’s
powers under section 47 of the Local Government Finance Act 1988; and
(4) the s151 Finance Officer be authorised to implement the three schemes
detailed so that the agreed discretionary discounts for business rates can be
awarded in compliance with the scheme criteria.