Issue details

The LCR Business Rates Pool for 2024/25 offers opportunity for any additional business rates levy payments to be retained by the LCR Pool and invested to support regional initiatives to be agreed by the LCR Joint Committee.

Delegated authority approved as part of the Council Budget approved on 6/3/24 as follows:

That the Council’s participation in the Leeds City Region Business Rates Pool for 2024/25 be noted, and to and to approve delegated authority to the Chief Executive and Service Director – Finance, in consultation with the Leader and Corporate Portfolio holder, to agree the governance arrangements for 24/25, for approval through the Business Rates Joint Committee (section 2.20);