• Home
  • About
  • 151 IMPACT AWARDS
  • Subscribe
  • Conference
  • Events Calendar
  • Webcast151
  • MOTB
  • Log In
  • Register

Room 151

Impact Awards –>
  • Treasury
  • Technical
  • Funding
  • Resources
  • LGPS
  • Development
  • 151 News
  • Blogs
    • David Green
    • Agent 151
    • Dan Bates
    • Richard Harbord
    • Stephen Sheen
    • James Bevan
    • Steve Bishop
    • Cllr John Clancy
    • David Crum
    • Graham Liddell
    • Ian O’Donnell
    • Jackie Shute
  • Interviews

News round-up: Barking’s new lottery, spending cuts, Basingstoke’s property drive, Better Care Fund

0
  • by Colin Marrs
  • in 151 News
  • — 27 Apr, 2017

Council creates local lottery
Barking and Dagenham Council is intending to launch a new online community lottery to help support local good causes. Tickets will cost just £1 with 60p going towards local causes, compared to just 28p in the pound for the National Lottery. The council is encouraging locals to submit their projects for inclusion.

Report spells out scale of council cuts
Council spending as a share of the national economy fell from 8.4% to 6.7% between 2010 and 2016, according to a new study. A report by the Association for Public Service Excellence (APSE), also found spending on neighbourhood services fell by 13% during the period, with spending on social services increased by £2.2bn. Report author Peter Kenway said: “There is an urgent need for local councils and governments to recognise that neighbourhood services are a driver for local prosperity.”

Authority appoints advisor for £30m property drive
Basingstoke and Deane Borough Council has appointed property adviser Cushman & Wakefield to help them add £30m of assets to its property portfolio. Quoted in trade magazine Property Week, the council’s cabinet member for property and development, John Izett, said the council finances were under “severe pressure”. He said: “To counter this the council is identifying new and sustainable income streams including the acquisition of high quality property investments.”

Estate rationalisation programme saves councils millions
Councils had saved £7.7m in running costs through a government estate rationalisation strategy by January 2017, according to a spending watchdog. The National Audit Office said this week that the Government Property Unit forecasts benefits from its One Public Estate Programme by 2020 including capital receipts of £415m plus running cost savings of £415m.

Harrison rejoins Allenbridge
Pension fund adviser Allenbridge has welcomed John Harrison back as managing director of its advisory business. Harrison is currently independent investment adviser at the Surry Pension Fund. He was chief investment officer at the firm from 2005 to 2010. Harrison said: “With increasing complexity and growing concern about potential conflicts of interest, there has never been a greater need for independent advice in UK institutional investment.”

MPs slam Better Care Fund
The government’s Better Care Fund has proved to be “a complicated ruse to transfer money from health to local government to paper over the funding pressures on adult social care,” according to the Public Accounts Committee. A report published this week by the committee said that the fund failed to achieve any of its objectives and that witnesses to its inquiry “displayed an appallingly casual attitude to the targets that had been set for reducing emergency admissions and delayed transfers of care, both of which have actually increased”.

Newham appoints fund manager on two mandates
Three managers have been selected by the London Borough of Newham Pension Fund (Newham) to operate allocations to private debt. Permira and BlueBay Asset Management will run the European section of the private debt mandate, with Brightwood Capital managing the US component focused on the non-sponsored market. The council has also selected Robeco to manage its global high yield credit mandate.

 

Share

You may also like...

  • Spring statement sees rates revaluation brought forward to 2021 Spring statement sees rates revaluation brought forward to 2021 14 Mar, 2018
  • LGA survey suggests support for national adult social care levy LGA survey suggests support for national adult social care levy 14 Nov, 2018
  • Council services hit by  failure of funding regime for child asylum-seekers Council services hit by failure of funding regime for child asylum-seekers 27 Jun, 2019
  • Redmond Review to probe audit approach on commercialisation Redmond Review to probe audit approach on commercialisation 17 Sep, 2019

Leave a Reply Cancel reply

You must be logged in to post a comment.

  • Register to become a Room151 user

  • Latest tweets

    Room151 20 hours ago

    Impact Awards: Liverpool’s cafe culture and Warrington’s investment in homes: The CCLA/Room151 Impact Awards showcase  finance teams with a direct impact on their local communities and the environment. This week we spotlight Liverpool City Council’s… dlvr.it/RxJsKb pic.twitter.com/dEYpaz6HP0

    Room151 23 hours ago

    Doing something in #localgov #finance for housing or regeneration? Check out the 'Place Shaping' category room151.co.uk/impact-awards/… sponsored by @31tenConsulting in the CCLA/Room151 Impact Awards. #timetoenter !! pic.twitter.com/dU99vE6Wws

    Room151 2 days ago

    Doing something in #localgov #finance for Adult Social Care & Health? Check out the ASC&H category room151.co.uk/impact-awards/… sponsored by Fundamentum Social Housing REIT in the CCLA/Room151 Impact Awards. #timetoenter !!

    Room151 2 days ago

    Doing something in #localgov #finance for the environment? Check out the 'carbon management' category room151.co.uk/impact-awards/… sponsored by @ACSLLP in the CCLA/Room151 Impact Awards. #timetoenter !!

    Room151 2 days ago

    So what are the seven categories for the CCLA/Room151 Impact Awards? Here they are room151.co.uk/impact-awards/… #localgov #finance #outcomes

    Room151 2 days ago

    Why should LGPS be concerned about rising inflation?: The impact of the coronavirus pandemic, lockdown and wider economic uncertainty created  deflationary pressures which raise important considerations for the Local Government Pension Scheme writes… dlvr.it/RxF7Fs pic.twitter.com/JlcjROBIpz

    Room151 3 days ago

    JOB ALERT: LPFA Finance Director vacancy: London Pensions Fund Authority Finance Director and s151 Officer Competitive salary and benefits The largest Local Government Pension (LGPS) provider in London with around £6.5 billion of assets and 135[...] dlvr.it/RxBdJP

    Room151 3 days ago

    Richard Harbord: Further signs that local government finance is failing: The crisis in Liverpool and a fix for education budgets are further indication that local government finance is in need of a root and branch review. Even for those students[...] dlvr.it/Rx9PSV pic.twitter.com/sAanC2gEyu

    Room151 1 week ago

    Impact Awards: Finance helps launch school meals company and support business during lockdown: The CCLA/Room151 Impact Awards will showcase the way finance teams have a direct impact on their local communities and the environment. This week we spotlight… dlvr.it/RwnlF4 pic.twitter.com/AJhne1MVG4

    Room151 1 week ago

    "This work has made a vital, practical contribution to ensuring people have been supported through the pandemic." #impact #151awards #covid #s151 room151.co.uk/treasury/impac… #impactcasestudies #councilfinancemakesadifference

    Room151 2 weeks ago

    room151.co.uk/impact-awards/ #passiton #localgov #s151 #151awards pic.twitter.com/A0uO0dwBkM

    Room151 2 weeks ago

    Financial pressures loom for 2023 and beyond: Kate Ogden writes the government has addressed most of the short-term Covid-19 financial pressures facing English councils, but problems loom in 2022-23 and the years following. As we enter the[...] dlvr.it/RwfDsz pic.twitter.com/hpv2R09w75

    Room151 2 weeks ago

    Calling all #localgov finance officers and #s151s room151.co.uk/impact-awards/ It's the #151Awards Thanks to the @LGALocalism for helping us get the word out along with all the LA treasury societies. pic.twitter.com/Nkal9BrH1J

  • Categories

    • 151 News
    • Agent 151
    • Blogs
    • Chris Buss
    • Cllr John Clancy
    • Dan Bates
    • David Crum
    • David Green
    • Development
    • Forum
    • Funding
    • Graham Liddell
    • Ian O'Donnell
    • Interviews
    • Jackie Shute
    • James Bevan
    • Jobs
    • LGPSi
    • Mark Finnegan
    • Recent Posts
    • Resources
    • Richard Harbord
    • Stephen Fitzgerald
    • Stephen Sheen
    • Steve Bishop
    • Technical
    • Treasury
    • Uncategorized
  • Archives

    • 2021
    • 2020
    • 2019
    • 2018
    • 2017
    • 2016
    • 2015
    • 2014
    • 2013
    • 2012
    • 2011
  • Previous story Criticism mounts of council ‘carry trade’
  • Next story John Clancy: Brummie bond launches with more to come

© Copyright 2021 Room 151. Typegrid Theme by WPBandit.

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we'll assume that you are happy to receive all cookies from this website.OK