Communities and Local Government written question – answered at on 15 October 2012.
To ask the Secretary of State for Communities and Local Government if his Department will take steps to ensure that any future policy on business rate retention will include provision for those communities which are affected by a new nuclear development hosted by a neighbouring authority.
The Government's proposals for business rates retention are set out in the technical consultation published on
http://www.communities.gov.uk/publications/localgovernment/businessratestechnical
The Government is considering responses to that consultation, prior to finalising the scheme for introduction in April 2013.
It should be noted that under our retention plans, the local share of business rate revenues will be retained by the billing authority (e.g. a district council) as well as relevant precepting authorities (e.g. a county council and a fire and rescue authority).
We have also invited local authorities to consider adopting a pooling arrangement; this would encourage collaborative working across local authority boundaries, allow the benefit from investment in economic growth to be shared across a wider area, and help local authorities better manage any volatility in income.
Yes0 people think so
No0 people think not
Would you like to ask a question like this yourself? Use our Freedom of Information site.