Business Rates Devolution
The devolution of a range of powers to local councils is one of the most significant changes in the way local government operates for many years.
In West London and elsewhere councils are for the first time able to retain a share of the growth they generate locally to support local services, residents and businesses.
In particular, 2018 saw for the first time a Business Rates retention scheme for London, making a direct connection between the success of the local economy and the resources available for investment by public services.
Through this scheme, West London Alliance boroughs were awarded £11.1m of devolved business rates to unlock investment in high speed broadband for businesses, and a cross-cutting skills programme aimed at improving the productivity and competitiveness of the workforce.
This investment, which reflects genuinely new resources to the sub-region, is the single largest award to any group of councils in London, and shows what can be achieved when boroughs work together with a shared vision. You can read more about the successful bids across London here.
The Government has announced a further round of devolved business rates funding in 2019, providing fresh opportunity to secure new investment in West London.