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East Cambridgeshire District Council

East Cambridgeshire District Council. Business Ratepayers Consultation Meeting 1 February 2010. Agenda. Introduction – Fred Brown, Leader of the Council 2011/12 Budget – Linda Grinnell, Head of Finance & Darren Hill, Team Leader Business Development

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East Cambridgeshire District Council

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  1. East Cambridgeshire District Council Business Ratepayers Consultation Meeting 1 February 2010

  2. Agenda • Introduction – Fred Brown, Leader of the Council • 2011/12 Budget – Linda Grinnell, Head of Finance & Darren Hill, Team Leader Business Development • Business Rates in East Cambridgeshire – Mark Catley & Duncan McLaren, Valuation Office • Business Rates 2011/12 - Rod Urquhart, Anglia Revenues Partnership • Q&A Session • Close

  3. 2011/12 Budget Prospects Linda Grinnell Head of Finance 31 January 2011

  4. The Context 2011/12 2010/11 £000 £000 Net Budget 9,694 10,762 Projected Overspend 970 1,640 Reserves as at 1/04/10 1,447 Estimated funding gap 2011/12 – 2014/15 £2.679m

  5. How have we got here? • Coalition Government Grant Cuts • 2011/12 17.79% reduction (£1.2m) • 2012/13 11% reduction (£0.611m) • Investment Interest • Planning, building control & land Charges income streams • Waste Contract & Revs & Bens contracts

  6. 2011/12 Savings Potential Savings • Non- Staffing £1.095m • Staffing £0.294m Total £1.389m • Front loaded savings £0.400m • Utilise in future years

  7. 2011/12 Budget – Key Facts • 2011/12 Gross Exp Budget £33.7m • Income and Direct Grants £24.05m • Net Budget £9.65m • Revenue Support Grant / Redistributed Non-Domestic Rates £5.6m (58% of net budget) • Balance from Council Tax £4.05m

  8. Council Tax 2011/12 • Growth in Council tax base to 29,600 band D equivalent properties • Council Tax freeze approved for 2011/12 • Central Govt funding – 2.5% average band D across the country • 2011/12 Band D Council tax £135.36

  9. Place Marketing Strategy • Digital Marketing approach • 360° East Cambridgeshire website and interactive brochure • Targeted html e-mail campaign • 47,000 emails across target markets (London, Cambridge, Peterborough, Bedford • Commercial Agents briefings • Business Exhibitions including Retail

  10. Branding

  11. Results - Business Development • 66 start-up companies assisted via the Ely Business Hub • £500,000 levered in via the Fens Adventurer Scheme • £700,000 housing growth funds for growth delivery since June 2008 • 13 companies have expanded significantly from e-space • Over 100 companies helped directly with commercial property enquiries/advice

  12. Growth Delivery • Ely and Soham Masterplans already approved • Littleport Masterplan to be finalised in May 2011 • Masterplan Visions to be incorporated into local planning documents (LDF) • Detailed study to look at potential Ely station interchange improvements • Development Briefs for North Ely and City Centre Opportunity Sites • Engineering Feasibility Study for Soham Station and development brief for new Eastern Gateway

  13. Questions / Issues on what you’ve heard so far?

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