Consultation outcome

Business rates retention

This consultation has concluded

Download the full outcome

Local government resource review: proposals for business rates retention consultation: summary of responses

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Local government resource review: proposals for business rates retention consultation: government response

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Local government resource review: proposals for business rates retention consultation: government response plain English guide

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Detail of outcome

We consulted over the summer on our proposals for business rates retention which would enable councils who succeed in growing their local economy to get a direct boost to their income.

This document sets out the government’s response to that consultation and how the business rate retention scheme will operate to create a direct financial incentive for local authorities who grow their economies that is both deliverable and sustainable. It also sets out how we will ensure that all authorities have sufficient resources to deliver local services.

Original consultation

This consultation ran from 18 July 2011 12:00am to
24 October 2011 11:45pm

Summary

Consultation about changing the way local government is funded by allowing councils to retain the business rates they collect.

Documents

Local government resource review: proposals for business rates retention - consultation

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Local Government Finance Bill: business rates retention scheme - impact assessment

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Local Government Finance Bill: summary impact assessment

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Consultation description

This consultation seeks views on the government’s proposals to change the way local government is funded by introducing retention of business rates.

It also seeks views on options for enabling authorities to carry out tax increment financing within the business rates retention system.

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