Decision details

Business Rates - Pilot Scheme for the Full Retention of Business Rates Growth

Decision Maker: Executive

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

The Greater Manchester and Cheshire East Business Rates Pool has been invited to pilot a scheme for the full retention of business rates growth; commencing 1 April 2015. The purpose of this report is to set out the proposed scheme and seek approval to endorse and agree the scheme as one of the participating districts.

Decision:

The Executive considered a proposal for the Council to enter the Greater Manchester and Cheshire East Business Rates Pool pilot scheme and agreed that:-

· Business Rates retention scheme as set out in the report of 27 March 2015 to the AGMA Executive and Greater Manchester Combined Authority (attached at Appendix One of the report) be endorsed and agreed;

· the Corporate Director for Corporate and Support Services in consultation with the Executive Councillor (Support & Governance) be authorised to work with the GMCA Treasurer and other district Treasurers to finalise the detailed arrangements for the introduction and operation of the scheme;

· a further report be requested from the GMCA detailing how any additional revenues generated would support the promotion of Greater Manchester’s growth and reform strategies.

Alternative options considered:

None

Reason Key: Policy Framework & Budget;

Equality and/or Environmental Impact Assessment: Not applicable

Decision Reference: ED1733

Declarations or conflicts of Interest: None

Forward Plan Reference: CCCS36

Other reasons / organisations consulted

Corporate, Resource Management & Governance Scrutiny Committee

Contact: Andy Moran, Corporate and Support Services Email: andrew.moran@stockport.gov.uk Tel: 0161 474 4086.

Report author: Andy Moran

Publication date: 17/06/2015

Date of decision: 16/06/2015

Decided at meeting: 16/06/2015 - Executive

Effective from: 24/06/2015

Accompanying Documents: