In Government's spring budget of 2017, the Chancellor announced £300 million of extra funding for local authorities to provide discretionary relief to businesses facing increases in their business rate bills following the general revaluation.
The distribution of the central grant was based on the bill increases of properties given the following criteria; their business rates bill increased by more than 12.5% following revaluation and their rateable value is less than £200k.
The Government has placed a condition on their funding that this extra relief can only be offered to businesses that have seen their rates bills increase from April 2017 as a result of the revaluation.
Eastbourne's allocation of the Government's funding for discretionary relief is £504,000 spread over 4 years as detailed below:
2017/18 - £294,000
2018/19 - £143,000
2019/20 - £59,000
2020/21 - £8,000
Our proposed scheme mirrors the criteria used by Government when allocating the funding.
Have your say
We would like to hear from businesses operating in Eastbourne and residents about whether you agree with our proposed scheme.
The full policy can be downloaded below.
To have your say please complete this online survey
The consultation will close at 5pm on Sunday 8 October 2017.
To request this information in a different language or format, including a paper copy of the consultation information please telephone 01323 410000 or email firstname.lastname@example.org