Benefits for Business
Three Councils For Suffolk means councils that can focus on:
- Focusing investment where it’s needed most: Delivering high quality services and growth with a local focus, investing finances and resources where they’re needed most
- Aligning skills with business needs: Working with the Mayor on the Skills agenda, ensuring the needs of different business sectors and businesses of all sizes are met
- Driving vital infrastructure improvements: Working with the Mayor to lobby for and deliver infrastructure improvements such as the Ely – Haughley rail improvement or tackle the challenge of the Orwell Bridge
- Encouraging enterprise and employment: Supporting business growth and innovation leading to more job opportunities
- Providing locally responsive services: Delivering efficient services such as building control and licensing tailored to their area’s needs
- Enabling business problem-solving support: Helping businesses to solve their problems such as finding a new location or accessing grant funding
- Building meaningful business relationships: Developing strong relationships with businesses in each council area including providing direct access to senior officers and councillors
- Empowering local democratic decision-making: Making democratic decisions closer to home, not by a single monolithic structure.
Three Councils for Suffolk will deliver:
Payback:
4.3 Years
The length of time it will take for the costs of change to be paid back by savings, and a “breakeven” point reached.
Annual service investment:
£20 million
The proposals ensure that there is sufficient resource to deliver service improvement e.g. making better use of technology.
Savings in first 5 years:
£106 Million
This is an amalgamation of savings delivered through economies and efficiencies, use of technology, harmonising services etc.
Annual savings after 5 years:
£34 Million
These are the ongoing savings every year after the first five years. £20m of this could be reinvested in services.
We have worked closely with specialist accountants, KPMG, to analyse the current budgets for all six councils in Suffolk and the costs of change.
One off implementation cost:
£39 Million
These are the costs of change e.g. novating legal contracts, programme management, bringing services together, procurement etc
Find out more about what Three Councils for Suffolk means for you:
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local strategies for investment where it’s actually needed.