The Chairman agreed to consider this matter as
an item of urgent business as a request had been made by a
Sub-Committee Member prior to the meeting for an update on progress
with income generation projects.
The Corporate Director – Finance and
Resources gave an oral update and also circulated a summary sheet
of current and potential projects. In summary, he explained that
there were three strands:
Budget re-alignment with a view to setting targets for income
generation – there had been progress with this and more
information would be given in the Budget report to Policy &
Reviewing income generated currently and establishing whether this
can be improved - There had been an increase year on year since
2014/15, as a result of which approximately £1m additional
income had been generated.
Identifying new income streams including big ticket items –
work had been necessary to put appropriate policies and procedures
in place, and also to invested in mechanisms to take this forward.
Officers were of the view that good progress had been made and a
point had been reached where this background work will start to
Members commented on a number of proposals
– notably in relation to riverside improvements - and thanked
Officers for circulating the summary information. The work
undertaken to date was also acknowledged. The Chairman stated that
she would raise the points made at the
forthcoming budget briefing for Members.