Summer 2016
B O R O U G H
NEWS
www.eastleigh.gov.uk
Investing in the future for our communities The Council’s innovative approach to buying commercial property over the last seven years has helped to ensure that we can continue to invest in our community and at the same time protect our frontline services. By March 2017 we will have secured £200 million worth of assets throughout the borough. Within this, our property assets provide a significant annual net income of around £5.5 million which has been used to maintain budgets and protect frontline services. At the same time, the investment in our community has provided a range of job opportunities for local people such as around 500 new jobs associated with both the development and the operation of the Hilton at the Ageas hotel. B&Q, Woodside Avenue, Eastleigh
As a public sector organisation, the Council takes advantage of having access to finance at low interest rates currently below 1%. This money is then invested throughout the borough giving a good financial return ranging from 4%-10%. All purchases are subject to a thorough financial business case, and risk assessment and expert advice sought – all purchases must provide the Council with a good financial return and provide a good contribution to achieving community investment and economic
regeneration, including investing in businesses likely to create jobs for local people. Council Leader, Cllr Keith House said “Our investment in property and the financial return we gain from this has meant that we have been able to protect frontline services and continue to invest in our local economy and community.” “Far from being a cost to tax payers, this initiative generates significant income for the council with the return on investment more than covering the cost of borrowing.”
In this edition... Recycling plastics
7 10 13
The Point’s 20th birthday party
Summer in the borough
Local Area News
Win a family ticket to SeaCity Museum
Hilton at the Ageas Bowl, West End
Win one of four family tickets to the SeaCity Museum worth £25 each. See page 15
Travelodge and Wagon Works, Eastleigh
Win an Owton’s BBQ meat hamper Win an Owton’s BBQ meat hamper worth £59.99 each. See page 18
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