Decision details

The Head of Revenue and Benefits provided Cabinet with details of the Welsh Government Non-Domestic Rates (NDR) – Retail, Leisure and Hospitality Rate Relief (RLH) Scheme for 2024/25; details of the Council’s local business rate reduction scheme; and details of new Non-Domestic Rate reliefs available to qualifying business rate payers from 1^st April 2024.

The Cabinet Member for Climate Change and Corporate Services welcomed the recommendations contained within the report, recognising the pledge to businesses within the Council’s Corporate Plan. The Cabinet Member commented that the adoption of Welsh Government’s RLH Scheme and the local discretionary scheme would further provide much needed financial support for businesses throughout RCT.

The Leader was pleased to note that the local business rate relief scheme would continue to provide financial support for the smaller town centre businesses and explained that RCT were one of the only Local Authorities in Wales to establish such a scheme.

The Cabinet RESOLVED:

1.             To note the details of the Welsh Government (WG) RLH Scheme and formally adopt the scheme for the year 2024/25;

2.             To note the continuation of the proposed local Business Rate Reduction Scheme for 2024/25; and

3.             To note the new Non-Domestic Rate reliefs available to qualifying business rate payers from 1^st April 2024.