Decision details

Business Rates Retention Pilot and Pool

Decision Maker: Cabinet Member for Economic Regeneration

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Decision:

(Report of Chief Executive)

 

The report provided an update on the Business Rates Retention Pilot and Business Rates Pool funding and advised that, following total or committed spend to date, £560,000 remained to fund initiatives which supported growth (subject to the support and agreement of the County Council).  Consideration was given to a number of potential initiatives (set out at Appendix 1 to the report) which reflected the need to strengthen the resilience of the local economy and the future of town centres in the light of the impact of Covid-19 and embraced economic and environmental opportunities arising from the green agenda.

 

Following consideration by the Economic Regeneration Advisory Board, the Cabinet Member for Economic Regeneration resolved that:

 

(1)          the report be noted;

 

(2)          the initial options to support the local economy (as set out in Appendix 1 to the report) be approved; and

 

(3)          a list of proposed options for endorsement be reported to a future meeting of the Advisory Board prior to being shared with Kent County Council for its agreement.

Publication date: 04/09/2020

Date of decision: 02/09/2020

Decided at meeting: 02/09/2020 - Economic Regeneration Advisory Board

Effective from: 12/09/2020

Accompanying Documents: