The Government announced the establishment of a £300m national discretionary fund over four years from 2017-18 to support those businesses that face the steepest increases in their business rates bills as a result of the 2017 revaluation.
Local authorities can determine how this fund will be targeted and administered to support those businesses and locations within their area that are in the greatest need. The relief will be administered through billing authorities’ discretionary relief powers under section 47 of the Local Government Act 1988.
Please see DRR Relief Scheme document for details of the scheme.