Precept
This is the amount local authorities charge for the provision of local services including fire and education.
It can also be an additional voluntary levy, raised, usually on business rates or as part of the Business Improvement District process, in order to improve local conditions.
Related Items:
Business Improvement District (BID)
With thanks to:
CLES - Centre for Local Economic Strategies
RENEW Northwest - the Regional Centre of Excellence for Sustainable Communities
