Issue - meetings

This report gives an update on the Business Rates Retention Pilot and Business Rates Pool funding and, following on from an initial report to the Board in September 2020, provides more detail on potential priority projects for funding in light of the impact of Covid-19.

(Report of the Chief Executive)

The report provided an update on projects funded from the Business Rates Retention Pilot and Business Rates Pool.  Further to the initial report presented to the Board on 2 September 2020 (Minute ERG 20/6 refers) the report set out details of potential priority projects which supported economic growth and resilience and could be funded from the remaining funds.

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

(1)         the report be noted; and

(2)         the proposed funding areas, as set out in Appendix 1 to the report, be approved and submitted to Kent County Council for its agreement. 

Decision Notice D200077MEM

The report of the Chief Executive provided an update on projects funded from the Business Rates Retention Pilot and Business Rates Pool.  Further to the initial report presented to the Board on 2 September 2020 (Minute ERG 20/6 refers), the report set out details of potential priority projects which supported economic growth and resilience and could be funded from the remaining funds.

RECOMMENDED:  That 

(1)         the report be noted; and

(2)         the proposed funding areas, as set out in Appendix 1 to the report, be approved and submitted to Kent County Council for its agreement.