An Interview with Aileen Murphie, MHCLG and Local Government Value for Money, National Audit Office
We’re excited to welcome Aileen Murphie at our upcoming Income Generation: Establishing Innovative and Alternative Revenue Streams forum! Ahead of her appearance at our event on 28th March in Central Manchester, we asked Aileen, as a Director for MHCLG and the National Audit Office, a few questions on the challenges that local authorities face in generating income…
What are the key challenges that councils face in raising income generation in the north at the moment?
- Continuing economic challenges especially in areas where growth has been low historically or which have lost major industries. This is both in terms of attracting new investment to the area and engendering growth from within.
- In different areas of the country, the scale of the challenge varies, given the unbalanced economic performance of different regions in England.
As a representative of local government and the NAO, what are you experiences dealing with
- Auditors will be looking for well thought through and well informed
- decision making to support sustainable outcomes for local people as
is set out in the Code of Audit Practice.
What do you think are the main priorities for local authorities when trying to generate income?
- Being clear about priorities: is the key point regeneration and improved outcomes for local people or is it purely about future yield?
- Balancing risk and potential outcome. How risky is the investment or venture? Risk appetite and sensitivity analysis are both key and both officers and members need a thorough understanding of both as they consider plans.
If you want to learn, share, network, and be inspired at our upcoming Income Generation: Establishing Innovative and Alternative Revenue Streams forum make sure you book on now to secure a place