NEWS & EVENTS
National news
£316 Million to Encourage Business Growth
A total of 328 Local authorities across England are to be awarded £316 million for encouraging business growth. The money is being made available through the Local Authority Business Growth Incentive Scheme (LABGI). LABGI provides financial rewards to local authorities that promote the greatest levels of continued economic / business growth in their local areas by allowing them to retain increases in revenue derived from business rates. The money is additional and the scheme encourages local authorities to build partnerships with local business and promote long-term economic sustainability in their areas. Business growth is measured in terms of the i