North Norfolk District Council is a debt-free authority and has a balanced budget. Over the past four years the Council has delivered over £2 million in financial savings and efficiencies at a time of reducing Government grants and increasing demand for services.
Looking forward the Council will need to be even more innovative in its approaches to maintaining and increasing service provision, building upon its record of robust financial management through identifying new sources of income, making sound investments and delivering high quality services in the most efficient way possible.
We will therefore continue to invest in our property assets to ensure they are providing the best return to us and will also need to take a more commercial approach to everything we do. This will mean us looking at different investment opportunities and being prepared to take innovative and creative approaches to how we invest in the future – recognising that through our investments we might be able to realise wider benefits for our District as detailed elsewhere in this Plan – in terms of housing, job and environmental outcomes, as well as delivering a financial return. In essence we will need to work smarter in maintaining the Council’s sound finances whilst delivering better for our residents and communities.