A Freedom of Information Act request was recently made asking for details on the Levy’s impact in the year following its introduction.
When introduced the Council had estimated that the gross revenue raised in its first year would be £446,000.00. The actual amount raised was said to be £294,834.00, 34% less than forecast. Greater administrative costs than originally expected reduced this figure by a further £65,000.00.
It seems the main reason for the drop in revenue was due to the reduced number of premises paying the levy after the Council exempted premises in the Nottingham Business Improvement District.
131 premises also reduced their hours to avoid becoming liable to pay the levy and 35 Licences were surrendered.
The money raised has been used to fund Community Protection Officers responsible for reducing anti-social behaviour and alcohol-related crime and the Police have said their share will be partly used to fund the Street Pastor Scheme.
For further information, please contact Andrew Cochrane.