Issue details

Agree administration, principles and criteria of the distribution of Government grant to local businesses that have seen business rates bills increased as a result of the national revaluation.

In the Government Budget on 8 March 2017, the Chancellor announced £300m of extra funding for local authorities to provide discretionary relief to those business facing increases in their business rates bills following the revaluation. The Government have described this initiative as ‘revaluation support’.

Local authorities have the power to design their own discretionary business rates relief schemes to determine how this ‘revaluation support’ is distributed across businesses locally. The Government has placed a condition that extra relief can only be targeted at businesses that have seen their rates bills increased in April as a result of the revaluation after all other adjustments (e.g. other relief schemes) have been applied, this includes small business rates relief.