Growth incentive may switch to city-regions

Allister Hayman, Regeneration & Renewal, 5 September 2008

A scheme that encourages town halls to boost local business growth will in future be based on the performance of city- regions, not council areas, under proposals announced by local government minister John Healey last week.

The Local Authority Business Growth Incentive (Labgi) scheme, under which councils that promote economic growth are allowed to retain a share of rises in business rates revenue, will be based...

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