This report seeks approval of the new Business Rates Re-occupation Relief Policy to encourage re-occupation of shops that have been empty for a long period of time and reward businesses that take up occupation of empty premises.

In approving the recommendation, Cabinet will approve and recommend to Council the Business Rates Re-occupation Relief Policy as set out in the appendix to the report.

The subject of the decision:

This report sought approval of the new Business Rates Re-occupation Relief Policy to encourage re-occupation of shops that have been empty for a long period of time and reward businesses that take up occupation of empty premises.

Alternative options considered:

None.

The reason for the decision:

To comply with the requirements of the Localism Act (under section 47 of the Local Government Finance Act 1988, as amended).

THE DECISION:

That Cabinet approves and recommends to Council:-

(1)     the approval of the attached policy; and

(2)     delegated authority be given to the Director of Support Services and Deputy Chief Executive to administer the Business Rates Re-occupation Relief Policy.