Non-domestic Rates: Greater London

Department for Communities and Local Government written question – answered on 14th December 2017.

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Photo of Geoffrey Clifton-Brown Geoffrey Clifton-Brown Conservative, The Cotswolds

To ask the Secretary of State for Communities and Local Government, whether there will be a central formula to assist London boroughs in deciding where to invest the revenue growth from the 100 per cent business retention pilot.

Photo of Marcus Jones Marcus Jones Parliamentary Under-Secretary (Department for Communities and Local Government) (Local Government)

The 100 per cent business rates pilot in London will test how London boroughs are managing their business rates income under pooled arrangements. London boroughs will have the freedom to decide where to invest the potential revenue growth arising from the pilot, therefore allowing the boroughs more control over the money they raise locally in accordance with our manifesto commitment.

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