FINANCE

The right response to commercialism

Councils are taking very different approaches to commercialism but success can be ensured with one important response, says Paul O'Brien

Commercialisation strategy 1.0 was very much about trading and charging, using some surplus capacity or getting additional benefits from assets during the 1980s. Fast-forward and version 10.0.3 of that strategy is hugely different in scope and range.

Of course, local authorities face huge financial challenges, not least an intention by government to almost completely remove the revenue support grant by 2020.

Paul O'Brien

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