Council ‘Highly Commended’ in prestigious awards
Published Friday, 27 June 2014
Hinckley & Bosworth Borough Council has been Highly Commended in this year’s prestigious Municipal Journal Awards.
It received the accolade for the innovative way in which it successfully unlocked £205m of investment to fund the large scale regeneration programme in Hinckley - despite being a small district council with limited budgets and one of the lowest council tax charges in the country.
The award recognised the council's innovatory use of a 'jigsaw' approach to fund a huge programme of linked regeneration schemes, where the financial gains from one project were then used to invest in the next.
The judges were impressed by the regeneration schemes that included:
Two 'invest to earn' schemes that generate a significant annual income for the public purse - the regeneration of The Atkins Building and the development of Greenfields Industrial Estate.
The relocation of the council's depot to a smaller site, which resulted in reduced running costs and freed the former site to be sold for redevelopment.
The relocation of the council’s offices from Argents Mead to a shared hub, enabling the council to share the costs of operating the facility with other public sector occupiers. The former office site will now be used for a new, purpose-built leisure centre in the centre of the town, funded by the sale of the former depot and leisure centre sites.
In addition, the council helped to secure £4.2million of government funding for a new, state-of-the-art youth club, Green Towers, as well as £17million of Regional Growth Funding from the government to support road and infrastructure improvements around the site of the new MIRA Enterprise Zone on the A5 just outside Hinckley.
As well as delivering over £200m of regeneration, the council has secured a return on the amount invested of 10% per annum which has greatly assisted the council in funding its front line services whilst freezing Council Tax for the fourth consecutive year.
Sanjiv Kohli, Deputy Chief Executive (Corporate Direction), responsible for finance said:
“This is a very prestigious award and it is fantastic to be recognised for our achievements. The award is a testament to the finance team, corporate management team, elected members and everyone who works for and with this council”.
Last updated: 27/06/2014 14:30
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