East Cambridgeshire District Council Business Ratepayers Consultation Meeting 1 February 2010

Agenda Introduction – Fred Brown, Leader of the Council 2011/12 Budget – Linda Grinnell, Head of Finance & Darren Hill, Team Leader Business Development Business Rates in East Cambridgeshire – Mark Catley & Duncan McLaren, Valuation Office Business Rates 2011/12 - Rod Urquhart, Anglia Revenues Partnership Q&A Session Close

2011/12 Budget Prospects Linda Grinnell Head of Finance 31 January 2011

The Context 2011/ /11 £000 Net Budget 9,694 10,762 Projected Overspend 970 1,640 Reservesas at 1/04/10 1,447 Estimated funding gap 2011/12 – 2014/15 £2.679m

How have we got here? Coalition Government Grant Cuts -2011/ % reduction (£1.2m) -2012/13 11% reduction (£0.611m) Investment Interest Planning, building control & land Charges income streams Waste Contract & Revs & Bens contracts

2011/12 Savings Potential Savings Non- Staffing £1.095m Staffing £0.294m Total £1.389m Front loaded savings £0.400m Utilise in future years

2011/12 Budget – Key Facts 2011/12 Gross Exp Budget £33.7m Income and Direct Grants £24.05m Net Budget £9.65m Revenue Support Grant / Redistributed Non-Domestic Rates £5.6m (58% of net budget) Balance from Council Tax £4.05m

Council Tax 2011/12 Growth in Council tax base to 29,600 band D equivalent properties Council Tax freeze approved for 2011/12 Central Govt funding – 2.5% average band D across the country 2011/12 Band D Council tax £135.36

Place Marketing Strategy Digital Marketing approach 360° East Cambridgeshire website and interactive brochure Targeted html campaign 47,000 s across target markets (London, Cambridge, Peterborough, Bedford Commercial Agents briefings Business Exhibitions including Retail

Branding

Results - Business Development 66 start-up companies assisted via the Ely Business Hub £500,000 levered in via the Fens Adventurer Scheme £700,000 housing growth funds for growth delivery since June companies have expanded significantly from e-space Over 100 companies helped directly with commercial property enquiries/advice

Growth Delivery Ely and Soham Masterplans already approved Littleport Masterplan to be finalised in May 2011 Masterplan Visions to be incorporated into local planning documents (LDF) Detailed study to look at potential Ely station interchange improvements Development Briefs for North Ely and City Centre Opportunity Sites Engineering Feasibility Study for Soham Station and development brief for new Eastern Gateway

Questions / Issues on what you’ve heard so far?