Discretionary Relief Scheme
At the 2017 Spring Budget the Government announced the establishment of a £300m discretionary fund over four years from 2017-18 to support those businesses in England that face the steepest increases in their business rates bills as a result of the 2017 revaluation.
The intention is that every billing authority in England will be provided with a share of the £300m to support their local businesses. Billing authorities will be expected to use their share of the funding to develop their own discretionary relief schemes
The £300m will cover the four years from 2017/18:
- £175m in 2017/18
- £85m in 2018/19
- £35m in 2019/20
- £5m in 2020/21