Issue details

Discretionary Rates Relief – Heat Network Rates Relief Scheme

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 type: Key

Reason Key: Significant impact on communities or those working in two or more electoral divisions;

Decision status: Recommendations Approved

Electoral Divisions affected: (All Electoral Divisions);

Notice of proposed decision first published: 02/11/2022

Decision due: 9 Feb 2023 by Cabinet

Lead member: Cabinet Member for Strategic Finance, Transformational Change and Corporate Resources (Archived 19 May 2023)

Lead director: Director of Corporate Services (re-org 2023)

Contact: Debbie Vallas Email: debbie.vallas@iow.gov.uk.

Decisions

Agenda items