Optimising Income Generation for Local Authorities

Venue: Online Training Course

Date: 12 Mar 2024

Synopsis: The Local Government Association recently found that nearly 1 in 5 councils are likely to have to issue a Section 114 notice, meaning councils across the UK now have to generate alternative sources of income, in response to increased cost pressures and tightened budgets. Local authorities must innovate and commercialise their income generation strategies, in order to meet the growing demand pressures on council services. Commercialism is accompanied by intense scrutiny and economic and reputational risks, making it essential for councils to understand the regulatory landscape for income generation, embody a commercial culture and ensure appropriate governance and risk mitigation when executing income generation initiatives.

This Income Generation for Local Authorities online training course will equip you with an understanding of the cost and demand pressures currently facing local authorities and the legislative framework for income generation. You will learn how to develop a more commercialised culture within your organisation, through training, innovation and leadership, and explore how to ensure commercial ventures sustain social value important to the communities you serve. By the end of the course you will also learn best practice from councils whom have successfully generated income, and understand the risks and rewards of commercialism.

Details:

Learning Outcomes

• Define and explore the various sources of income for local authorities 
• Develop an awareness of potential challenges and risks associated with new revenue streams 
• Explore methods to foster innovative commercial thinking at all levels within local authorities 
• Identify strategies to maintain social value while simultaneously generating income 

URL:
https://www.insidegovernment.co.uk/event/incomegenerationlocalauthorities

Contact:
https://www.insidegovernment.co.uk/event/incomegenerationlocalauthorities