Norfolk County Council have released their business ratepayers consultation for 2021/2022. With a very challenging year for everyone last year, the budget for the coming financial year had to make allowances for the continuing response to the Covid-19 pandemic; dealing with Brexit and reducing carbon.
The Council have published a document that outlines the work undertaken in the last year, the investment they intend to make and how they intend to support economic growth in Norfolk for the coming year.
There is major uncertainty about government funding beyond 2021-22, including uncertainty linked with impact of COVID-19 and leaving the EU. As well as significant uncertainty around impact of COVID-19 on council tax and business rates income 2021-22. Therefore Norfolk County Council are proposing to increase council tax by 3.99% in 2021-22 (including 2% Adult Social Care precept), with a further 1% increase in Adult Social Care precept deferred to 2022-23.
A Capital Programme of £537.660m is proposed for 2021-25+ reflecting significant capital investment in major projects including:
- Great Yarmouth Third River Crossing.
- Long Stratton bypass.
- Programme to improve SEND school provision
The County Council have also provided a presentation to outline key spending decisions, which can be viewed here.
They are very keen to hear from the Norfolk business community. Please give your feedback via: [email protected] by 31 January 2021.