Examples of Retained Business in a sentence
Business Rates by EMF will be subject to the Freeport’s Business Plan process as set out in the FBC, including the Business Rates Equalisation Mechanism (XXXX) calculation, and used for the purposes outlined in the Retained Business Rates Strategy.
This will be achieved by supporting public and private initiatives within the Wider Solent Freeport Area that promote objectives in accordance with the Retained Business Rates Policy, including through the detailed investment plan for retained rates (the Retained Business Rates Strategy) to be provided to DLUHC following the approved FBC.
The Retained Business Rates Strategy will include the prioritisation and selection of projects for funding, and how projects are to be reviewed and evaluated.
All the profits or income accruing or arising to Demerged Company and expenditure or losses arising or incurred or suffered by Demerged Company which form part of Demerged Undertaking, for the period commencing from the Appointed Date shall, for all purposes be treated and be deemed to be accrued as the income or profits or losses or expenditure as the case may be of Resulting Company, except for profits or income accruing to the Retained Business of Demerged Company.
Ultimately, the Public Sector Directors, which includes a director appointed by each of the Billing Authorities, will make the final decision on Business Case’s approval, and therefore funding via Retained Business Rates, based on the Retained Business Rates Strategy set by EMF’s Board.