Business Rates Retention Pilot

Cornwall Council was successful in negotiating with Government to be one of only 5 regions in the UK to now keep all of the business rates we raise.

Our powers to pilot 100% business rates retention means that around £6m of additional funding is now retained in Cornwall each year, and we will continue to benefit from that gain until the roll out of national scheme. Previously, 50% of our business rates would have been sent to Whitehall. Now we can use this money to help us grow the local economy and manage funding pressures to focus on Council priorities and key services.

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