Local Government Resource Review

on 22/08/2011 · No Comments">No Comments · in News

Under existing arrangements, non-domestic rates (or business rates) revenue collected by local authorities is pooled for redistribution to local authorities in England. So while local authorities have a vital role to play in supporting the local economy, there is limited direct fiscal incentive to do so.

On 18 July 2011, the Local Government Resource Review (Phase One) published for consultation its proposals to allow councils to retain their locally-raised business rates.

These proposals represent a fundamental shift in the way that local authorities are funded, freeing councils from dependence upon central Government grant and giving them a strong financial incentive to drive local economic growth.

On 19 August 2011, the Government published eight technical papers which provide more details of the Government’s proposals. In addition, and to enable consultees to make informed responses to the consultation exercise, the Government has published an interactive calculator. This enables users to explore the principal features of the proposed business rates retention scheme by entering their own inputs and varying components. Guidance on how to use the calulator is available in Technical Paper 5. The consultation document, technical papers and calculator are available below under ‘Related publications’. Government is seeking responses by 24 October 2011.

The Second phase of the Local Government Resource Review: Terms of Reference was published 29 June 2011 and is available below under ‘Related downloads’.

Further information is available through the links under ‘On this site’, top right.

Contact

Any queries on the Local Government Resource Review should be sent to: ResourceReview@communities.gsi.gov.uk.

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