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Related link summary
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Local Authority Business Growth Incentives Scheme
Departments:
- Communities and Local Government;
- HM Treasury
Related link type:
General related link
Summary:
Local authority business growth incentives provide an incentive for local authorities to promote economic growth in their area by allowing them to be rewarded for an increase in rateable value, above a certain level. It is for local authorities to decide how their reward is spent - whether to provide even better public services for their communities, invest in further business growth or to reduce council tax increases. This page gives further information.Update:
Information on contingency fund allocations has been added. The items include a letter to local authority chief executives and chief finance officers on proposed payments from the release of £100 million of LABGI Year 3 contingency funds, a note on the allocations, a draft determination and a spreadsheet illustrating underlying calculations of provisional allocations on a local authority basis. Updated: 4 February 2009Subjects:
- Consumers, business and industry;
- Economic development;
- Economics and finance;
- Employment, jobs and careers;
- Government and public administration;
- Regional policy
Regions:
- National
