Financial pressures and diminishing resources are making it increasingly hard for local authorities to deliver on one of their most fundamental civic objectives – to change and improve their communities and create attractive, safe and economically prosperous places.
Local Authority Investment Partnerships
Financial pressures and diminishing resources are making it increasingly hard for local authorities to deliver on one of their most fundamental civic objectives – to change and improve their communities and create attractive, safe and economically prosperous places.
UK Local Authorities are continuing to experience stringent restrictions on finance, with grant funding from Central Government reduced by as much as 40% over the last five years. Looking to the future many Councils in the larger conurbations will struggle to sustain even their core statutory services in the longer term. Under these pressures the scope for delivering place-changing investment, regeneration and vital infrastructure seems increasingly restricted.
At the same time the Council’s capacity to undertake a strategic review of its assets and match their potential against key delivery targets is massively restricted due to diminishing in-house capacity and acute short term challenges.