In December 2024 the Government announced that from 2026/27 it would introduce a new assessment of need and resources, building on the framework set out in the previous government’s review of Relative Needs and Resources (originally Fair Funding Review). It also announced that the 50 per cent Business Rates Retention system would be reset from April 2026. The LGA has been collaborating with councils and the Government to take these proposals forward.
Our work
On this page you will find links to LGA work on funding and business rates retention reform including responses to Government consultations. It also includes work done from 2015 on the previous Government’s funding reform and further business rates retention proposals, links to the joint Steering Group and Working Groups which were set up then, as well as work commissioned by the LGA.
Get involved
To ensure that views from across the sector are represented in the reformed system, we are inviting you to submit your views. Please email [email protected]