Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: Yes

Date of Decision: November 6, 2024

Purpose:

Content: RESOLVED to:   1.   Approve “in principle” for the Council to join a business rates pool for Hampshire pending the completion of the required framework and governance arrangements relating to the Hampshire based scheme.   2.   Delegate authority to the Section 151 Officer following consultation with the Cabinet Lead for Finance to conclude necessary due diligence and confirm the Council’s final intention on whether to participate in a Hampshire business rates pool, however constituted,  for 2024/2025.   3.   Delegate authority to the Section151 Officer following consultation with the Cabinet Lead for Finance to agree the detailed pooling and governance arrangements for the pool.   4.   Delegate authority to the Section 151 Officer following consultation with the Cabinet Lead for Finance to determine whether it is in the interest of the Council to continue to participate in the Hampshire business rates pool on an annual basis.