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DCN responds to HCLG Committee report on retained business rates

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DCN RESPONDS TO HCLG COMMITTEE REPORT ON RETAINED BUSINESS RATES

Responding to a report by the Housing, Communities and Local Government Committee, which recommends funding from the further retention of business rates should be used as extra revenue for councils, Cllr Sharon Taylor, Finance Lead for the District Councils’ Network, said:

“We are pleased that the HCLG Committee has recognised our call on the importance of business rates growth being incentivised, by explicitly recommending that the Government should consider coming forward with new powers for councils to grow their local economies.

“District councils, as the housing and planning authorities, are the engines of local growth delivering stronger economies that benefit residents and businesses. As such, Districts are best placed to invest any extra revenue from retained business rates to benefit their communities.

“We support the recommendations of the wider report, particularly in providing greater clarity on the timetable to implement 100 per cent retention, which will help Districts with their crucial budget planning to help protect frontline services that our residents rely on.”

 

ENDS

District Councils’ Network media office, 020 7664 3333

 

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