Optimising Income Generation in The Public Sector
23 Feb 2012
At a time where the public sector is tasked with the need to deliver efficiency savings and reduce spending; it is more important than ever that they look to new measures of income generation and alternative sources of revenue. Generating income means looking at what income the public sector can generate from other sources; this can be smarter use of assets, improving debt collection, developing a shared service approach, additional areas where charges can be imposed or increased, or developing a trading company. The government has announced a number of new measures that will assist the public sector in their attempts in generating income.
The Localism Act will provide local government with substantial new powers, greater freedom and flexibilities, through a General Power of Competence, which will enable them to act in the interest of their communities and in their own financial interest. Local Government will be able to generate efficiencies and secure value for money outcomes, and raise money by charging and trading in line with existing powers. Local authorities will now have the opportunity to own assets, develop property and generate revenue. The government hopes this will result in greater innovation and a new, more confident and commercially aware public sector.
Fitting in with the government's decentralisation agenda to support income generation, the government is proposing new freedom over finance in the Local Government Resource Review: Proposals for Business Rates Retention, launched July 2011. Under the current system, local government has three main sources of income: grants from central government; council tax; and other locally generated income (such as fees and charges for services). The Review proposes to change the current system by enabling councils to keep a share of the growth in business rates in their area. This will make councils more financially independent from central government and give them a strong incentive to promote local business growth.
Please find the full agenda below. Callcredit will be speaking and presenting at 12:25pm
|09:15||Registration and Coffee|
Colin Copus, Professor of Local Politics in the Department of Public Policy, De Montfort University (CONFIRMED)
Morning Keynote: The Future of Local Government Finance
New Models of Service Delivery:
Generating Value and Income
Case Study: New Models of Service Delivery - Generating Revenue From Spin Out Enterprises
|11:05||Questions and Answers Session|
|11:20||Coffee and Networking|
Smarter Use of Assets to Maximise
Taking a Strategic
Approach to Charging
Practical and proven
steps to improve debt collection.
An understanding of the macro-economic climate and how
debtors are behaving today with an insight into how financial
services and other private sector organisations operate. This
session will outline 'best in class' collection operations' use of
advanced analytics and proven techniques to provide practical tools
and advice applicable to public sector finances.
|12:45||Questions and Answers Session|
|13:00||Lunch and Networking|
Generating Income From
Making the Most of the General
Power of Competence to Generate Income
|14:40||Questions and Answers Session|
|14:50||Coffee and Networking|
Case Study: Using Data to Generate
Income and Reduce Costs
Public Sector Lawyer - Adapt and
Geoff Wild, Director of Governance & Law, Kent County Council (CONFIRMED)
|15:50||Questions and Answers Session|
|16:00||Chair's Summary and Close|