“In terms of the Chancellor’s Autumn Statement, there will be additional funding for the Scottish Government through the Barnett formula of £545 million, approximately (but not exactly) £233m in this financial year and £281m in the next. The main measures generating consequentials are:
• the funding of the pay award for the NHS in England in 2023-24, which generates £235m
• 75% relief on Business Rates in England for the Retail, Hospitality and Leisure ( RHL) sections in 2024-25, up to a £110,000 cash gap, which generates £232m.
funding of the pay award for the NHS in England in 2023-24, which generates £235m;
• freezing the small business multiplier in England in 2024-25, which generates £32m.
The Scottish Government previously operated a Business Rates Relief Scheme based on Barnett Consequentials for the Retail, Hospitality and Leisure in 2022/23 generating a Rebate of £463,606 for North Ayrshire RHL Businesses.
Therefore, I hereby move that the Council agree that the Chief Executive write to the First Minister, the Cabinet Secretary for Finance and all MSPs representing North Ayrshire, requesting that the Scottish Government restart the Retail, Hospitality & Leisure Relief scheme for 2024/25 thus saving 528 local businesses approximately £3,168,617 and ensuring the continuing vitality of our High Streets.”