Purpose

Local Discretionary Rate Relief

Decision

The Council has decided to approve an application for business rates relief up to the value of £250,000 for 12 months. The application pertains to the business relocating their office and showroom to Snetterton. This award is subject to the conditions set out in the offer letter.

Reasons for the decision

The move is designed to support business expansion to Snetterton, to strengthen connections with local suppliers and enable them to bring their head office and showroom together with their manufacturing site already at Snetterton. These premises will provide sufficient space to accommodate the growth and jobs required over the next 20 years.

Alternative options considered

·         Not to offer rate relief

·         To offer rate relief in full for 12 months

·         To offer other alternative variations of the relief length