1. Business Ratepayer Budget Consultation 2015/16
AYLESBURY VALE DISTRICT COUNCIL

2. The Root Cause of the Problem
AYLESBURY VALE DISTRICT COUNCIL

3. AYLESBURY VALE DISTRICT COUNCIL
Government Grant Projection
Total Government Support
Revenue Support Grant
Retained Business Rates
AYLESBURY VALE DISTRICT COUNCIL

4. Government Grant (Current) Projection
Revenue Support Grant
Retained Business Rates
Negative Grant
AYLESBURY VALE DISTRICT COUNCIL

5. Cost of Services £310 £208 £131 £136 £179 £72 2010/11 2015/16
Funded From:
Council Tax
£131
£136
Government Grant
£179
£72

6. AYLESBURY VALE DISTRICT COUNCIL
Achieved Thus Far
Year
Savings /
New Income Identified
2011/12
2,809,700
2012/13
2,030,200
2013/14
1,339,900
2014/15
2,427,600
2015/16
2,456,000
Total
11,063,400
AYLESBURY VALE DISTRICT COUNCIL

7. Savings & Efficiencies
Guiding Principles;
If it’s valuable to the customer and they have a choice they should pay a fair price
Provision of added value services where customers want them
Processes should be driven by customers but as efficiently and as lean as possible
Automation where it works for the Customer
Cuts to services only as a last resort and targeted at least valued services
AYLESBURY VALE DISTRICT COUNCIL

8. Investment in Business
£90 million invested in Aylesbury Town Centre over the past 5 years
Including a University presence
Further investment planned
Co-owner of a £36M industrial and commercial property portfolio in the Vale
Increased Council Tax by 1.9% last year to provide additional support for business
In 2015/16 seeking to build additional business support in to base budget
Economic Development Team
AYLESBURY VALE DISTRICT COUNCIL

9. AYLESBURY VALE DISTRICT COUNCIL
New Homes Bonus
A reward for accepting housing growth
Top sliced from Government Grant
AVDC receiving largest district payment
Received £10 million to date
East West Rail - £5 million
Broadband - £1.5 million
Parishes projects - £1 million
Reserved for infrastructure projects
AYLESBURY VALE DISTRICT COUNCIL

10. AYLESBURY VALE DISTRICT COUNCIL
Key Budget Issues 2015/16
Government Grant Reduction
Retained Business Rates
Interest on Investments
Inflationary and Other Pressures
Savings Target
AYLESBURY VALE DISTRICT COUNCIL

11. Council Tax and Business Rates
Initial Budget proposals include a Council Tax Freeze - £ a year or £2.62 a week
Business Rates set by the Government and increased annually by September RPI (2.1%)
Next Revaluation
Small Business Rate Relief - ends 31/3/15
Discretionary relief – up to 100%
Retail Rate Relief - £1,000
New Build Relief – up to 18 months
High Street Relief
AYLESBURY VALE DISTRICT COUNCIL

12. AYLESBURY VALE DISTRICT COUNCIL
Questions & Comments
Is our Strategy correct?
Would you like to see us doing something else, or something differently?
Is there anything you think we should stop doing?
Any other questions or comments?
AYLESBURY VALE DISTRICT COUNCIL