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.
with the Business Rates Retention Pilot Projects be noted.