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.