Issue - meetings

(a)        That Officers draw up a framework for Community Interest Companies.

(b)        That, in accordance with Section 47 of The Local Government Finance Act 1988, discretionary rate relief be granted in respect of the organisations and premises detailed in Appendix A of this report

A report was submitted requesting Cabinet to approve the granting of Discretionary Rate Relief in accordance with powers under Section 47 of the Local Government Finance Act 1988. Discretionary Rate Relief enabled the Borough Council to provide financial assistance to charitable and not for profit organisations occupying business premises within the council area in accordance with regulations detailed in The Local Government Finance Act 1988.

Members queried the status of the organisation applying at number 12 on the report as it had changed its status from a charitable company to a Community Interest Company. The Portfolio confirmed that he had asked the Company to produce a revised strategy to reflect this.

RESOLVED:               (a)        That Officers draw up a framework for Community Interest Companies.

(b)        That, in accordance with Section 47 of The Local Government Finance Act 1988, discretionary rate relief be granted in respect of the organisations and premises detailed in Appendix A of this report