East Cambridgeshire District Council Business Ratepayers Consultation Meeting 1 February 2010.
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Transcript of East Cambridgeshire District Council Business Ratepayers Consultation Meeting 1 February 2010.
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• Business Rates in East Cambridgeshire – Mark
Catley & Duncan McLaren, Valuation Office• Business Rates 2011/12 - Rod Urquhart, Anglia
Revenues Partnership• Q&A Session• Close
2011/12 Budget Prospects
Linda GrinnellHead of Finance31 January 2011
The Context 2011/12 2010/11
£000 £000Net 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
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
2011/12 Savings
Potential Savings• Non- Staffing £1.095m• Staffing £0.294m Total £1.389m
• Front loaded savings £0.400m• Utilise in future years
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
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
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
Branding
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
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
Questions / Issues on what you’ve heard so far?