1. Strategy and Finance Review Group CSR 2007 Stephen Jones Director of Finance and Performance

2. The funding announced in CSR Aggregate External Finance (AEF) Re-categorisation of specific grants Efficiencies Business Rates –Local Authority Business Growth Incentive (LABGI) scheme –Supplementary Business Rate Concessionary Fares

3. Aggregate External Finance Year£’mIncrease Cash(%) Increase real % Increase excl PFI % 2007-0823120 2008-0924081961(4.2)1.5%1.0% 2009-1024920839(3.5)0.8%0.1% 2010-1125763843(3.4)0.7%-0.1%

4. Specific Grants Quantum and breakdown unknown £5bn to RSG and Area Based Grant (ABG) £900m to RSG and £4.1bn to ABG by 2010- 11 Full picture by time of provisional finance settlement (end Nov/early Dec)

5. Efficiencies 3% cashable, £4.9bn in total –Business process improvement and collaboration, £1.8bn –“smarter” procurement, £2.8bn –Improved asset management, £0.3bn Reporting requirements relaxed £150m extra offered to support efficiency delivery Value for money Delivery Plan published Regional Road Shows planned

6. Local Authority Business Growth Incentive (LABGI) Scheme SR04 - £1bn CSR07 –2008-09 - £0m –2009-10 - £50m –2010-11 - £100m Consultation closes 12 December

7. Supplementary Business Rate Upper limit of 2p in £ Revenues available only for economic development spending Power not available to Districts or London Boroughs Statutory consultation on spending plans Ballot where SBR exceeds a third of project cost Small businesses exempted Further consideration of rates reduction From 2010-11

8. Concessionary Fares Additional Funding via specific grant –2008-09 - £212m –2009-10 - £217m –2010-11 - £223m Consultation on the distribution method Another success of the LGA – provided we find the right way to distribute the money