A council has been urged by Local Government Association (LGA) peers to take more risks to improve its financial outlook.
LGA peers described East Sussex CC as a ‘financially prudent’ authority but found ‘significant gaps’ in its medium-term financial plan.
The team questioned East Sussex’s ‘low-risk’ financial approach and suggested it could be ‘adapted to meet the significant challenges the council is facing’.
Peers recommended the council ‘consider a greater risk appetite in some areas, in order to meet ambitions on key priorities and challenges’.
The report read: ‘There is more work to be done on how that budget gap will be resolved and what the council’s service offer will be.’
Overall, the report said East Sussex was a ‘well-run council’.
This article was originally published by The MJ (£).
If this article was of interest, then check out our feature, 'How to fix local government finance'.
