Spotlight: Business rates and regeneration

London generates around 30% of national business rates income, despite being home to only 16% of the country’s businesses.[ref]London Councils, Self-sufficient local government: 100% Business Rates Retention[/ref] The tax – paid by businesses, based on the value of the property they occupy – has traditionally been collected by local government … [Read more...]

Conference: Doing More with Less

  Our June 23rd conference focused on sustainable revenue at local level. [PDF] [PDF] For un-edited presentation slides, follow the links at the bottom of this web page. Full conference summary coming soon!  Our June 23rd conference was an energising day of strategy, skills and … [Read more...]

Communities in Transition: Croydon

Future of London’s next Communities in Transition field trip will be to Croydon on 16th June, to look at the impact of large-scale retail development on local regeneration plans. Croydon’s town centre is a strategic priority for the council. The Local Plan envisions the town centre supporting significant growth, with up to 7,300 additional … [Read more...]

The Local Finance Bill Digested

A key plank of the Government’s Localism Agenda upon assuming office was the implementation of major financial devolution to local authorities across the country. Faced with a stagnating economy, the need to incentivise local areas to promote growth has become all the more urgent. It is within this context that the Government launched its Local … [Read more...]

Creating new local revenue streams

Download Changes to the way local authorities in London are funded could see councils financially rewarded for saying ‘yes’ to new development and business expansion. Research from Centre for Cities and Future of London, argues that reforms should be bold and allow councils to retain between 40% and 60% of future business rates growth to … [Read more...]