Agenda item

Report of the Chamberlain.

The Sub Committee were advised of a new corporate project being set up to identify new income streams for the City Corporation. Members were supportive of the approach and were keen to receive updates on how the project progresses, particularly in sharing current good practice and embedding a more commercial approach within certain areas of the organisation.

RESOLVED: That:-

(i)            A Corporate Project is to be initiated to work with Chief Officers to identify new income streams and identify priority areas to increase the level and scope of charges made for existing services; and

(ii)           Within this, consideration will be given to identifying services which, in accordance with the Local Government Act 2003, might require the establishment of trading accounts in order to exploit income generation opportunities.