Business Rates Supplements Act 2009

The Business Rates Supplements Act 2009 allows local authorities in England to raise additional funds through a supplement, or small extra charge, on business rates in specific areas. This supplement is used to fund local projects and infrastructure that support economic growth, such as transportation or regeneration initiatives. The act sets out the legal framework for proposing, approving, and collecting these supplements, ensuring transparency and accountability. Essentially, it provides a legal mechanism for local areas to augment their revenue from businesses to invest directly in improving local facilities and services.