The Local Government (Rates Support Grant) Regulations (Northern Ireland) 2011

This section has no associated Explanatory Memorandum

2.  The formula to determine a council’s entitlement to rates support grant shall be—

WealthNeeds
This formula illustrates the calculation used to determine a council's entitlement to rates support grant. Firstly it determines a council's wealth by dividing its gross penny rate product by the Northern Ireland gross penny rate product and then multiplying the result by 100. Secondly a similar calculation is carried out to determine a council's needs. The council's home population adjusted is divided by the Northern Ireland home population adjusted and then the result is multiplied by 100. Thirdly the result of the needs calculation is subtracted from the results of the wealth calculation resulting in a surplus or negative variance.