Decisions for issue Business Rates Retention Forecast 2019/20

RESOLVED: That the Committee -

1.    Noted that the amount forecast to be received by the council in 2019/20 from its share of local business rates and section 31 Local Government Act 2003 compensation grants is £64.987m, based on the latest data. This is £0.403m above the forecast used in the December Draft Revenue Budget proposals report.

2.    Delegated the agreement of the final business rates forecast and the NNDR1 2019/20 form to the Executive Director of Finance & Resources following consultation with the Chair of this Committee for the reasons given in paragraph 1.2.

3.    Approved the proposed Retail Relief Scheme for two years from 2019/20 as outlined at paragraph 3.13.