Decision details
Discretionary Rates Relief – Heat Network Rates Relief Scheme
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
This is a Government led initiative for one
year only to support eligible business ratepayers who provide
thermal energy from a central source to customers via a network of
pipes for the purpose of space heating, space cooling or domestic
hot water.
From 1 April 2023 Government intends for the relief to be provided
via legislation and relief to be provided from that date onwards
and the council to provide under discretionary relief provisions
for the one-year period to assist eligible business rate payers as
an incentive to reducing carbon emissions from heating.
At the time of writing one business has been identified on the
Island out of the 25 across England.
Decision:
That Cabinet adopt Option (a) as detailed below in that the heat networks rates relief scheme be implemented from 1 April 2022 and 100% relief is granted to those properties identified by the Valuation Office as using low carbon networks on the Island.
Report author: Debbie Vallas
Publication date: 13/02/2023
Date of decision: 09/02/2023
Decided at meeting: 09/02/2023 - Cabinet
Effective from: 21/02/2023
Accompanying Documents:
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