Income generation
Intervention threat over 'unwise' investments
Councils have been warned the Government will intervene if they rely too much on commercial investments.
COVID-19 impact on council income uncovered
Spending on car parks fell to 10% of 2019 levels and gyms 20% during the first lockdown.
Spelthorne undergoes finance peer review
A council branded reckless for excessively borrowing to buy up commercial property has undergone a finance peer review from the Local Government Association (LGA).
Manchester considers £50m of cuts
A programme of cost-cutting measures has been put forward by officers in an effort to tackle a looming £105m budget deficit.
Government review into Nottingham finances
The council is facing a review into its handling of Robin Hood Energy, over which the authority incurred millions of pounds in losses.
Manchester predicts £136m budget gap
The city council is braced to take a hit to its income from its airport investments in 2021/22.
Warrington launches green energy bond
The council aims to raise £1m to fund a green energy project.
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 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.
Council to furlough 300 staff
Chelmsford City Council is to furlough hundreds of culture and leisure services employees as coronavirus takes its toll on the authority’s finances
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.
Flybe collapse hits council-owned airports
The airline entered administration this morning, leading to the grounding of all flights.
Gravesham aiming to become ‘entrepreneurial authority’
Gravesham BC has formed a local authority trading company in a bid to become an ‘entrepreneurial authority’.
Norwich housing company braced for losses
A housing company owned by Norwich City Council is facing making a loss on its first scheme.
Nottingham in bid to 'stabilise' energy company
A new management team has been installed at Robin Hood Energy and governance of council-controlled companies is being overhauled after the company was threatened with having its licence revoked.
Council on course to meet investment target
South Cambridgeshire DC has revealed it is on course to generate a quarter of cash spent on services through its own investments.
Bexley slashes development company housebuilding target
Bexley LBC’s wholly-owned housing company has more than halved the number of homes it plans to deliver.
Future Forum North: Call for councils to ‘bust down housebuilding cartel’
Local government has been urged to take on private housebuilders to unleash financial and social benefits.
CIPFA in further property investment crackdown
The prudential code has been further clarified to ‘ensure that responsible decisions are made with transparency and financial sustainability in mind’.
Isle of Wight looks for trading company partner
Norse is the hot favourite to partner Isle of Wight Council in launching a new trading company.
