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What your business rates pay for
Information about what your business rates pay for and a link to the government's explanatory guide about business rates.
Contents
How business rates help fund council services
We keep a portion of your business rates to help pay for local council services. Our revenue support grant and Council Tax helps to pay for these services too. Schools are funded through the dedicated schools grant and other government grants.
See the table below for details of our income and expenditure.
|
2023–24 Net budget (adj) £m |
Service |
2024–25 Expenditure £m |
2024–25 Income £m
|
2024–25 Net budget £m |
| 86.3 | Children's services | 336.7 | -250.8 | 85.9 |
| 73.4 | Adult social care | 158.9 | -80.7 | 78.2 |
| 19.6 | Highways | 24.7 | -5.2 | 19.5 |
| -5.8 | Planning and growth | 15.8 | -22.2 | -6.4 |
| 16.8 | Parks and leisure | 20 | -6.3 | 13.7 |
| 7.9 | Libraries | 8.6 | -0.4 | 8.2 |
| -3.8 | Regulatory services | 8.7 | -4.3 | 4.4 |
| 41.1 | Refuse collection and disposal | 72.6 | -33.2 | 39.4 |
| 15.1 | Customer and exchequer | 156.3 | -140.3 | 16.0 |
| 24.5 | Housing (general fund) | 64.5 | -38.2 | 26.3 |
| 23.7 | Other services | 290 | -215.8 | 74.2 |
| 348.8 | Total spending on services | 1,156.8 | -797.4 | 359.4 |