How Can Local Councils Generate Income?

Enterprising Councils - Income Generation

Grant Thornton found that 61% of councils saw budget reductions between 2016- 2017.

The LGA estimates that local government funding currently faces an estimated funding gap of £5.8 billion by the end of 2021.

Income Disparity

Between 2014-2016, council income generation has remained stable. However, London has raised approximately double the amount of income than the North West region.

English Local Government increased from £26 million in 2012 to £36 million in 2016, ten million in just four years!

4 ways for Councils to Generate Income:

  • Public Funds
  • Debt/ Liability
  • Facilitate/ Regulate
  • Equity Stake