Income generation | LocalGov

Collecting with care during a cost of living crisis


Sean Sutton argues ethical collections and improving customer relationships are key to how local authorities operate.

Council sets up development company following collapse of contractor


Bolsover District Council has agreed to set up a new development company after its preferred contractor, Woodhead Construction, went into administration.

Council to take legal action over 200,000 parking payments


Worcester City Council is planning to take legal action against the car park operator Flowbird over delayed customer repayments.

Talks held over council's debt concern


Woking BC has held ‘positive and constructive’ talks with the Government amid ministerial concerns about the sustainability of the authority’s debts.

DLUHC 'almost wilfully blind' to state of local government finances warn MPs


A ‘chronic’ lack of funding for council services amid soaring demand means many communities face a ‘long slog’ out of the COVID-19 pandemic, MPs warned today.

Council-backed energy firm close to collapse


Together Energy, which is 50% owned by Warrington Council, is close to running out of funding, according to reports.

Councils urged to 'sharpen commercial edge'


A new report has argued that allowing councils to sharpen their commercial edge will ‘unlock immense latent place potential’ and help ‘galvanise recovery’.

Council tax collection deficit hits £500m


Councils will need ‘additional help from taxpayers’ to balance their books, the Chartered Institute of Public Finance and Accountancy has warned.

New guidance on council-owned companies to be published


Councils will soon be issued guidance on governance arrangements for local authority trading companies (LATCs) by the Chartered Institute of Public Finance and Accountancy (CIPFA).

Over £5bn raised through sale of surplus public land


The Government has exceeded its target of raising £5bn by 2020 through the sale of surplus public sector land by almost £200m.

Proposal for stronger local government Prudential Code


Proposals to strengthen the Prudential Code and prevent local authorities from borrowing to generate yield have been put forward by CIPFA.

More than 100 local authorities bid to save £1bn by 2022


More than 100 local authorities have joined a new initiative that aims to save £1bn by September 2022.

Maximising income from car parks


Ron Buck explores the different ways councils are making the most of their parking facilities as a means of driving revenue.

How local authorities can make money from energy


Stephen Stead explains how councils can use their existing assets to generate new revenue streams.

Corporate property generates £5m for Ashford BC


Corporate property generated £5m for Ashford Borough Council in the past year, an annual review has revealed.

Councils call for clarity on income guarantee


Council leaders have urged the Government to provide further details on the promised compensation for loss of income due to the pandemic.

Jenrick announces more cash, income compensation and tax delay


Local government secretary Robert Jenrick has announced more cash and new ways councils will be reimbursed for income lost as a result of coronavirus.

IFS urges government to relax the rules on council finance amid crisis


Finance experts have called on the Government to temporarily relax rules that prevent councils borrowing to cover day-to-day spending as they deal with the coronavirus crisis.

Councils call for £5bn 'income guarantee'


England's largest councils are calling on the Government to provide a £5bn 'income guarantee to avoid them having to declare insolvency during the coronavirus pandemic.

Smarter buildings create smarter revenue


Richard Morris outlines how smart buildings are adding value for councils and their tenants.

Flybe collapse hits council-owned airports


The airline entered administration this morning, leading to the grounding of all flights.

Minimum ‘basic’ income trial reports mixed results


A pilot scheme assessing the impact of a minimum ‘basic’ income on poverty and inequality improves well-being but financial insecurities remain.

The media should start to trust councils on commercialism


In light of the recent headlines on councils’ £6bn-plus property 'spending spree', and recent criticism of advertising on council websites, Lloyd Clark asks why councils are still criticised for trying to raise revenue.

Councils save £100m through sector-led improvements


Councils have saved more than £100m in the past year by using the Local Government Association’s sector-led improvement (SLI) offer.

Council-owned solar farm generates £1.2m for frontline services


One of the largest local authority owned solar farms in the UK has exceeded expectations and generated more than £1.5m of income in its third year – around £100,000 more than anticipated.

Councils set to make £1bn profit from parking


Local authorities in England are predicting that they will make £913m of profit from their parking activities this financial year, although the real figure might be nearer £1bn.

Council buys two buildings in £5m deal


Mid Sussex District Council has agreed to purchase two commercial buildings to generate new rental income.

Councils raise £242m from parking permit applications


Local authorities have raised hundreds of millions of pounds over the last three years thanks to applications for parking permits, according to a new study.

Council buys office to generate income


South Cambridgeshire DC has made a £13m investment in a high-quality office building to generate an initial net return of around 5.6%.

Welsh council buys leisure park for £21m


Monmouthshire County Council has purchased the freehold of Newport Leisure Park for £21m.

Councils set for £1bn parking income


Latest trends suggest councils in England could be set for a £1bn parking income by the end of the decade.

The top ten things for local government to be aware of in 2019


2019 looks set to be a year of interesting challenges and opportunities for local government. Tiffany Cloynes and Clare Hardy offer their predictions for the year ahead.

Ministers play down commercialisation 'crackdown'


Ministers have played down the prospect of a widespread crackdown on councils that borrow for commercial reasons.

Shopping for retail sites


James Duncan explains why investing in retail sites could help councils diversify their income streams.

Finance settlement: Government floats commercialisation crackdown


Whitehall is considering a crackdown on councils that excessively borrow for commercial reasons as it continues to restrict council tax rises.

Mayor agrees to buy airport in £40m deal


Durham Tees Valley Airport (DTVA) looks set to be brought back into public ownership as part of a £40m deal.

Investing to earn strategy


Robbie Blackhurst finds out how local authorities can follow the example of Liverpool City Council by adopting an ‘invest to earn’ strategy.

Council-owned company to bring drone services in-house


Oxford Direct Services is to become the first council-owned organisation to bring drone services in-house to save time and money.

Assets: A new source of revenue


A new report has outlined the three main risks councils face when investing in commercial property. Mark Whitehead reports.

Shopping centres: buyer beware


With councils spending record amounts on buying shopping centres, what risk is this exposing the sector to? Mark Whitehead investigates.

Exclusive: Councils investing record amounts in shopping centres


Councils are continuing to spend record amounts of money buying up shopping centres, the latest figures show.

Council accused of 'putting public money at risk' over shopping centre investment


A district council has been accused of putting public money at risk in a 35-year deal to lease a shopping centre from a commercial development company.

The scale of council investment in commercial property


A new study has revealed local authorities have invested £3.8bn in commercial property to save struggling town centres. Dr Steve Norris and Ed Cooke report on the findings.

Councils warn about assessing risk of commercial projects


Councils are failing to understand the full risk implications when engaging in commercial activities, a new survey has warned.

Councils making £74m a year from garden waste charges


More than half of UK councils have introduced charges for garden waste collection totalling almost £74m a year, according to new research.

Councils sell off 4,000 public buildings a year, FOI requests reveal


Local authorities have sold-off thousands of public buildings and spaces to private developers in order to cover the loss of central Government funding, charity finds.

Unleashing our commercial potential


Ken Lyon explains how Birmingham City Council is harnessing its considerable assets and skills to generate extra income.

Council buys shopping centre for £14.8m


Bolton Council has completed the purchase of the Crompton Place shopping centre for £14.8m.

Council drops plans to sell 10% of its parks


Knowsley Council has agreed to drop proposals to sell 10% of the borough’s parks.

Northamptonshire set to sell county hall


Northamptonshire County Council plans to sell its county hall and sub-let parts of its corporate headquarters to generate extra income.

Council to buy Liverpool Central Shopping Centre


Liverpool City Council is set to buy Liverpool Central Shopping Centre in a bid to earn £4.3m over the first five years.

New Oxford City Council trading companies commit to deliver £10.4m


The commercial division of Oxford City Council has announced it plans to deliver over £10m in value back to the council by setting up two wholly-owned local authority trading companies.

North Yorkshire launches council-owned law firm


North Yorkshire County Council has become the first local authority in the North to trade its legal services.

Some councils 'hiding' cost of waste collection on their websites


Although three-quarters of councils now charge for garden waste collections, less than half of council websites provide a good or very good service for this task, a new survey has revealed.

New retail park to generate £1m a year for council


A new retail park in Portsmouth will generate £1m per year for the city council in rental income.

Council launches new housing repairs company


Around 450 staff have transferred to a new housing repairs and maintenance company owned by Stoke-on-Trent City Council.

Council to sell brand new £53m headquarters


A council has decided to sell off its £53m newly opened headquarters in order to cover social care costs.

Your local government guide to starting a film office service


Karen Everett outlines the seven steps councils should take to attract more filming to their local area.

Technology and the public sector 2018


Jos Creese outlines some key technology trends councils should focus on in 2018.

Top 100: Our most popular local government stories of 2017


From council pay to the Housing White Paper, here is a run-down of the 100 most popular stories on LocalGov during 2017.

Why are we here?


An increased drive for commercialism is forcing many council chiefs to re-assess the fundamental role of local authorities in an age of austerity. Rod Penman reports.

Manchester Airports Group reports strong profit increase


The largely local-authority owned Manchester Airports Group has posted strong growth in its profits after a 'record breaking' summer season.

Using local authority powers effectively


Recent case law has shown the importance of local authorities acting within their powers and meeting any associated requirements. Tiffany Cloynes reports.

A prudent investment


Tony Martin explains why local authorities are making logical and prudent investment decisions when expanding their commercial property portfolios.

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.

Councils to be banned for charging parkruns to use parks


Councils could be banned from charging parkruns to use public parks, under new proposals unveiled by the Government.

Bridging the capital divide in local government


Gwyn Llewellyn calls on councils to think more broadly about their financing options to enable them to invest and fuel economic growth.

Council to spend £30m on acquiring stake in new bank


Warrington council is to spend £30m on buying a 33% stake in a new bank in order to lend more to small businesses.

Councils: a new class of investor


Caroline Walker explains why local authorities are steadily emerging as the ‘new investor class’ in the wake of Brexit.

Wightlink ferry deal to generate £2m a year for council


An innovative new finance deal is expected to generate millions of pounds for Portsmouth City Council.

Reading BC to sign off further £10.5m in cuts


Reading BC is set to sign off another £10.5m in efficiency savings as the local authority aims to fill a £42m funding gap.

London council launches regeneration trading company


A new company dedicated to accelerating economic growth has been set up by the London Borough of Barking & Dagenham.

Welsh councils should think ‘strategically’ about charging for services


Local authorities are not using all the options at their disposal to generate income because of weaknesses in their policies and in how they use data, auditors say.

Liverpool to sell off historical premises to balance budget


Liverpool City Council has announced it is selling its former administrative headquarters in a bid to find £90m in savings over the next three years.

Council launches new property and investment company


Reigate & Banstead Borough Council has agreed plans to set up a new commercial property and investment company.

Scottish council to review 120 functions


The Highland Council is preparing to review over a hundred council functions to identify ‘efficiencies and cost reductions’.

District buys solar farm for new revenue source


Forest Heath District Council has purchased the largest local authority-owned solar farm in the UK, which will generate income of up to £700,000 per year.

Tamworth launches income generating strategy


Tamworth Borough Council has approved a new Commercial Investment Strategy (CIS) to help generate income and become more financially self-sufficient.

The road to self-sufficiency


William Eichler takes a closer look at Essex County Council's journey to generate income through traded services.

Council company to provide 'intermediate' rental housing


A new council-owned housing company offering affordable rents is to be set up in Camden.

Councils can raise cash by selling surplus assets


Under new rules councils will be able to spend any revenues they generate from selling surplus assets on public services, communities minister Marcus Jones announced today.

Havant council sets up joint venture company


Havant Borough Council is setting up a joint venture to deliver environmental and operational services in the borough.

Aesthetics and emotions – a new game plan for regeneration


Highlighting the outstanding results of a transformational project in the capital, Sam Neal discusses how vision, collaboration and emotional engagement in the regeneration process can deliver far-reaching social and commercial benefits.

Shropshire Council to close its trading company


Shropshire Council has decided to close its company ip&e Limited after it failed to make enough profit.

Bevvy levy could prove a decent new funding stream for struggling councils


A small Slovenian town has hit upon an ingenious scheme to increase revenues, attract tourists, and get them very, very drunk: a beer fountain.

Local government in Wales – where next?


James Downe reflects on the process of local government reform in Wales, and offers some thoughts about the future.

Havant unveils plans to switch key services to new company


A council in Hampshire is planning to set up a joint venture company to run its services in a deal believed to be the first of its kind in the south of England.

Councils less optimistic about coping with future cuts


A new report has revealed that councils are less optimistic about coping with upcoming cuts than they were in dealing with reductions over the past six years.

Council’s new property company projected to raise £600,000 per year


A Somerset council has agreed to proceed with plans to set up a new property company that they project will raise £600,000 per annum by 2019.

Councils launch company to deliver services to schools


A company providing services to more than 300 schools has been launched by two councils in the north-west.

West Midlands signs devolution deal


A devolution deal for the West Midlands has been agreed, which includes £1bn of Government investment and an elected mayor.

How to tackle London’s housing crisis image

How to tackle London’s housing crisis

Piali Das Gupta, London Councils’ Strategy Director – London’s Future, looks at what the new government should do to solve the capital’s housing shortage.
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