Income generation

• Council-owned company purchases first property

  A council-owned property investment company has purchased its first property in an investment which promises an income of over £200,000 a year.

  

• Councils to boost revenues collection with real-time intelligence

  Find out why authorities are investing in innovative new technology that provides up to date intelligence that sits alongside their own data, helping them make more informed decisions on recovery and forecasting.

  

• Council buys back Blackpool airport in £4m deal

  Blackpool Council has purchased Blackpool Airport site in a £4.25m deal.

  

• How councils can create a property portfolio

  James Routledge argues the case for councils investing in property and provides some tips on how to succeed.

  

• Councils spent £1bn on property assets last year to boost income

  Local authorities spent more than £1bn acquiring property in 2016 as a way of generating new revenue, according to a new report published today.

  

• Council sets its sights on £75m property portfolio

  Gloucester City Council is to set up a board to raise money by buying and selling properties.

  

• Revenue generation by councils

  Tiffany Cloynes outlines different strategies local authorities can adopt to help generate new revenue streams, including charging and trading.

  

• Council offers street naming rights to local firms for £20,000

  Local businesses will be given the opportunity to sponsor new street names in Moray after the council approved the revenue generating plan.

  

• District council spends £45m on research park

  A local authority in Essex has invested millions in a research park in the hope it will provide a ‘stable income stream’ as central Government cuts council funding.

  

• Social housing is becoming ‘increasingly commercialised’, says study

  The social housing sector has become ‘increasingly commercialised’ as housing associations look for new ways to make money, report find.