Planning and Housing

06.02.18

District authority to plug part of £4m cash gap with council-owned housing firm

A district council in Cambridgeshire has announced that it will be able to cover around 10% of its yearly budget in 2018-19 through its own housing company.

South Cambridgeshire District Council set up Ermine Street Housing in 2011 and is expecting the firm to generate £1.7m of income over the next year.

Officials say the extra money is sorely needed as the council must save £4.4m over the next five years to stay in the black.

The council also confirmed that it would continue its policy of raising tax by £5 each year on a band D property in an attempt to further plug the gap left by central government cuts.

In a report released by councillors, the authority lists a 2018-19 savings target of £500,000, rising to £1.3m in later years.

Cllr Simon Edwards, cabinet member for finance, said: “There is no doubt whatsoever that we still have a big challenge in front of us as a further £4.4m must be saved over the next five years. However, we won’t be looking to simply stop delivering our services.

“We will, of course, continue to find ways in which we can work more efficiently, but we also want to find other innovative ways of generating income, so we not only maintain current services, but we build on them so we can do much more for residents.

“We are on a journey. Ermine Street Housing is the first step, and now we want to press on and deliver other innovative, and diverse commercial activities which will really put us on a strong footing for the future.”

The full budget proposals, including tax plans, are available on the council’s website.

Have you got a story to tell? Would you like to become a PSE columnist? If so, click here.

Comments

There are no comments. Why not be the first?

Add your comment

 

related

public sector executive tv

more videos >

latest public sector news

Leeds sets out plan to become one of world’s first zero-carbon energy economies

17/12/2018Leeds sets out plan to become one of world’s first zero-carbon energy economies

Leeds City Region is aiming to become one of the world’s first zero-carbon regions as it sets out a new energy strategy to meet the Paris C... more >
Council mergers: taking local government by storm

17/12/2018Council mergers: taking local government by storm

It’s no secret that councils up and down the country are scrambling to keep services afloat as they try to balance dwindling resources with... more >
National Social Value Conference 2018: Going upstream

17/12/2018National Social Value Conference 2018: Going upstream

PSE’s Daniel Broadley reflects on the key messages to take away from this year’s National Social Value Conference, which took place o... more >

editor's comment

25/10/2017Take a moment to celebrate

Devolution, restructuring and widespread service reform: from a journalist’s perspective, it’s never been a more exciting time to report on the public sector. That’s why I could not be more thrilled to be taking over the reins at PSE at this key juncture. There could not be a feature that more perfectly encapsulates this... read more >

last word

The importance of openness after Grenfell

The importance of openness after Grenfell

Following the recent Grenfell Tower tragedy, Lord Porter, chairman of the LGA, argues that if the public are going to have faith in the safety testing process then everything must be out in the o... more > more last word articles >
Leeds sets out plan to become one of world’s first zero-carbon energy economies

17/12/2018Leeds sets out plan to become one of world’s first zero-carbon energy economies

Leeds City Region is aiming to become one of the world’s first zero-carbon regions as it sets out a new energy strategy to meet the Paris Climate Agreement and provide a boost to the region... more >
Council mergers: taking local government by storm

17/12/2018Council mergers: taking local government by storm

It’s no secret that councils up and down the country are scrambling to keep services afloat as they try to balance dwindling resources with growing demand. In line with the ‘doing mor... more >

the raven's daily blog

Don’t let a culture of resistance take hold of your organisation

17/12/2018Don’t let a culture of resistance take hold of your organisation

If we want to introduce change throughout local government, then we have to encourage our people to buy-in, writes Danny Longbottom, director of local government and health at BT. In my role I have the privilege of meeting lots of people in local government across the UK. More often than not, the subject of digital transformation crops up... more >
read more blog posts from 'the raven' >

comment

Council mergers: taking local government by storm

17/12/2018Council mergers: taking local government by storm

It’s no secret that councils up and down the country are scrambling to keep services afloat as they try to balance dwindling resources with... more >
National Social Value Conference 2018: Going upstream

17/12/2018National Social Value Conference 2018: Going upstream

PSE’s Daniel Broadley reflects on the key messages to take away from this year’s National Social Value Conference, which took place o... more >
LGA Autumn Budget round up

17/12/2018LGA Autumn Budget round up

Chairman of the LGA Lord Porter puts the chancellor’s Autumn Budget under the microscope and looks at what it means for local government. ... more >
The digital buying community is live

12/11/2018The digital buying community is live

Many of the requirements from buyers posted on the Digital Marketplace were either non-compliant or poorly worded, which resulted in challenges f... more >

interviews

Digital innovation in the public sector: The future is now

17/12/2018Digital innovation in the public sector: The future is now

One of the public sector’s key technology partners has recently welcomed a new member to its team. Matt Spencer, O2’s head of public ... more >
Artificial intelligence: the devil is in the data

17/12/2018Artificial intelligence: the devil is in the data

It’s no secret that the public sector and its service providers need to invest in technology to help make better use of their resources. Bu... more >
New Dorset Councils CEO on the creation of a new unitary: ‘This is going to be the right decision for Dorset’

05/11/2018New Dorset Councils CEO on the creation of a new unitary: ‘This is going to be the right decision for Dorset’

The new chief executive of one of the new unitary authorities in Dorset has outlined his approach to culture and work with employees, arguing tha... more >
Keeping the momentum of the Northern Powerhouse

15/10/2018Keeping the momentum of the Northern Powerhouse

On 6 September, the biggest decision-makers of the north joined forces to celebrate and debate how to drive innovation and improvement through th... more >

public sector focus

View all News