Finance and Investment

Overview

Districts must work within a financial framework that incentivises and rewards local growth, whilst supporting those areas in greatest need.

The project group

Cllr Lead – Cllr Sharon Taylor OBE
Supporting Member – Cllr David Tutt
Chief Executives – Ian Miller (lead), Marshal Scott, Stuart Bobby
Contact: DCN@local.gov.uk for further information

We urge government to prioritise:

A framework for a fair and sustainable future for districts:

  • Meet all additional covid-related costs and lost income during 2020-21 and 2021-22
  • Reverse the decline in spending power for districts with an overall uplift in each year of the spending review between 2022 and 2024
  • Set districts free to attract and use income in ways that are locally responsive and accountable, including allowing them to set discounts and increases for council tax and business rates, to raise other levies, and to set local planning fees.
  • Replace the complexity of different national programmes with simpler allocations to councils, with long-term certainty and freedom for them locally to best meet needs.
  • Continue to incentivise home building and ensure the delivery of supporting infrastructure through the review of the New Homes Bonus.
  • Provide long-term certainty about the replacement for EU funding by adopting a seven-year funding horizon.
  • Any policy change which creates a financial burden must be properly assessed and appropriately funded, both at implementation stage and in the longer term

Building better lives and stronger economies as we live with, and recover from the pandemic:

  • Support for jobs, skills, and the vulnerable
  • Focus on community health and wellbeing
  • Invest in sustainable homes for social rent
  • Support districts to deliver a green recovery.

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