To ask the Secretary of State for Communities and Local Government, if he will take steps to provide financial assistance to local authorities to deal with unforecastable shortfalls arising from the revaluation of business rates levied on GP surgeries.
20 October 2015
The business rates retention scheme in England is providing real incentives for councils to support enterprise and economic growth. In 2015/16, 362 authorities expect to retain an extra £544 million in business rates above baseline funding. Under the scheme, local authorities or pools of local authorities are protected against significant declines in business rates income, such as from rating appeals on GP surgeries, through a safety net that guarantees income at 92.5% of baseline funding.