Council innovation and £1.7 million income set to offset cuts to funding

06th February 2018

A local council is set to fund nearly 10% of its overall budget next financial year from income it will generate itself.
In budget papers published today (Monday 29 January), South Cambridgeshire District Council has said that they expect to generate £1.7 million of income from their housing company – Ermine Street Housing – in the 2018/19 financial year.

Money the Council will generate will be used to offset cuts to the grant funding it was once provided by Government to provide services to local people.

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