More flexibility for Local Authorities under Tax Increment Funding Plans

As part of the Comprehensive spending review, Chancellor George Osborne has announced the introduction of Tax Increment Finance Powers. These will allow Local Authorities to fund key projects by borrowing against future increases in locally collected business rates.

In a speech to the Liberal Democrat conference last month in Liverpool, Deputy PM Nick Clegg said that Tax Increment Financing (TIF) would be introduced in England as part of measures for 'breathing life back into our greatest cities'.

The announcement is part of a wider set of reforms that will give more councils more flexibility over how they spend taxes and business rates.

Further information: HM Treasury

Event Diary

DISCOVER | DEVELOP | DISRUPT

UKREiiF has quickly become a must-attend in the industry calendar for Government departments and local authorities.

The organisers of the world’s largest dedicated hydrogen event, World Hydrogen 2024 Summit & Exhibition have announced it’s return to Rotterdam in May 2024, with an expansion of a whole extra summit day. Sustainable Energy Council (SEC) are partnering with the Government of the Netherlands, the Province of Zuid-Holland, the City of Rotterdam, and the Port of Rotterdam to host an extended, larger scale Summit in 2024, to expand the event to meet the surging demand.