Martin Ford 02 October 2023

Council's ‘low-risk approach’ questioned

Councils ‘low-risk approach’ questioned image
Image: dokurose / Shutterstock.com.

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'.

 

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