Jamie Reed – 2016 Parliamentary Question to the Department for Communities and Local Government

The below Parliamentary question was asked by Jamie Reed on 2016-02-03.

To ask the Secretary of State for Communities and Local Government, if he will make it his policy that business rates generated by new nuclear development in Copeland will be retained by the billing authority.

Mr Marcus Jones

The Government has announced reforms to the business rates retention scheme which mean that, by the end of this Parliament, local government will keep 100% of locally raised business rates and 100% of the growth generated by new development. Over the coming months we will be working with local government on the details of the scheme.

Ahead of final decisions, it is too early to assess what the impact of the reforms will be on individual areas’ spending power.