Decision details

Business Rates Retention

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Decisions:

John Hooton, Chief Executive at LB Barnet, introduced a report on Business Rates Retention. 

 

RESOLVED that the West London Economic Prosperity Board:

 

1.         Agree the following aspects of business rates retention where there is common interest across boroughs:

·           Skills – 16-19 Funding;

·           Supporting economic growth; and

·           Growth zones and retention to support infrastructure investment;

 

2.         Agree that the following issues are more appropriately left at the individual borough or pan-London levels:

·           Funding baselines;

·           West London business rate pool

 

3.         Agree that West London Treasurers and the West London Alliance should prepare a consultation response on behalf of the West London boroughs and submit before the deadline on 3 May 2017.

 

Publication date: 27/04/2017

Date of decision: 21/03/2017

Decided at meeting: 21/03/2017 - West London Economic Prosperity Board

Accompanying Documents: