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: