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Issue details

100% Business Rates Retention Pilot - Update

The Council is due to receive additional ‘one-off’ Business Rates income in 2018/19 (estimated to be in excess of £640,000) as a result of its participation in the Kent and Medway 100% Business Rates Retention pilot.
Policy and Resources Committee agreed 13 projects for funding from this additional income at its meeting on 28th March 2018. This report describes progress with these projects to the end of Quarter 4 of 2018/19.
A further update report to Committee will be presented on 26th June 2019, which will include the final Business Rates income received from this initiative alongside proposals for spending an anticipated surplus.

Decision type: Non-key

Decision status: For Determination

Wards affected: (All Wards);

Decision due: 24 Apr 2019 by Policy and Resources Committee

Lead director: Director of Finance and Business Improvement

Department: Finance and Business Improvement

Contact: Mark Green Mark Green, 01622 602297 Email: markgreen@maidstone.gov.uk.

Public Or Private and Reason if Private: Public

Agenda items

Documents

  • 100% Business Rates Retention Pilot - Update