Decisions for issue Business Rates Retention forecast 2016/17

That the Committee:

1)            Note that the amount forecast to be received by the council in 2016/17 from its share of local business rates and section 31 (Local Government Act 2003) compensation grants is £56.460m, based on the latest data. This is £0.202m below the forecast used in the December 2015 budget update report.

2)            Agree the NNDR1 2016/17 form at Appendix 1.

3)            Note the future changes to the business rates retention scheme outlined in paragraphs 3.17 and 3.18.