Mr Green presented an update on the Business Rates Retention Pilot. It was noted that all of the projects were on track to be completed as they had all been allocated ‘green’ status by their respective project sponsors. Mr Green confirmed that those projects that had not been completed in the 2018/19 financial year would be carried forward to 2019/20 if the funds had not been spent, and that the projected £640,000 additional funding from the pilot was likely to be an underestimate. The total funding received through the pilot was scheduled to be finalised after the end of the financial year, once the Corporate Finance Team had completed the annual accounts.

RESOLVED: That progress with the Business Rates Retention Pilot Projects be noted.