Rate Support Grants financial definition of Rate Support Grants
Rate Support Grant (redirected from Rate Support Grants)
Rate Support Grant
made by the British government to local councils. Rate support grants were made between 1967 and 1990 because local taxation was not considered sufficient to pay for governance. During the Thatcher premiership, these grants were cut for councils thought to be overspending. See also: Rate-capping
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References in periodicals archive
Liverpool's Labour councillors believed the government had stolen PS120m from the city by cuts in rate support grants
since 1979 - and said they simply wanted PS30m back to help them build houses and create jobs.
He said the government was introducing a duty to produce rights of way improvement plans and confirmed that provision had been made in highway authorities' rate support grants
for the extra duties and responsibilities as a result of the new law.
Whilst this may be a good idea in principle, I fear that the Government has not fully considered how this is to be financed as the rate support grants
fall well short of the level of finance needed.