Rates deal sees councils benefit
More than £700,000 a year will be available to boost businesses, thanks to a deal between 10 councils.
The Government used to collect business rates from all councils and then redistribute them nationally.
Under a new system, Leicestershire's county, city and district councils and the fire authority have agreed to pool business rates, allowing them to keep a bigger proportion of the cash – at least £700,000.
Byron Rhodes, the county council's deputy leader, said: "By working together, we get to keep the cash raised from businesses in our area – and use it to help the wider economy.
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"We are very pleased we are one of a small number of pools in the country that have managed to agree such a deal."
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