Sue Robb of 4Children talks to Julie Laughton and Alison Britton from the Department for Education about the role of childminders in delivering the 30 hours free entitlement.
CIPFA to issue new guidance on council-owned companies
The Chartered Institute of Public Finance and Accountancy (CIPFA) will shortly issue new guidance to councils on governance arrangements for local authority trading companies (LATCs).
The development of the guidance follows recent revelations in Croydon and Nottingham around growing recognition that a lack of good governance and effective financial management can cause serious damage to the resilience of public services.
The focus of the guidance will be on reducing risk and building stronger assurance processes, while supporting chief finance officers to improve good financial management in line with CIPFA’s Financial Management Code.
Rob Whiteman, CIPFA CEO, said: “Since 2011, LATCs have come to deliver a wide range of services across the country. Despite this, recent public interest reports show there is a lack of clear guidance to support such arrangements and a lack of data on the possible risk to the financial resilience of the sector.
“While not a formal code of practice, this guidance will build on the best examples the sector has to offer to develop greater trust in public financial management and reduce the financial and reputational risks for councils who own companies.”
Luke Hall, Minister for Regional Growth and Local Government, said: “We have recently seen residents in Croydon and Nottingham being severely let down by failed council commercial ventures. I therefore welcome this guidance from CIPFA that will help all councils in their duty to manage taxpayers’ money responsibly in regard to local authority trading companies.”
The guidance is set to be released in the autumn.
Latest News
30/04/2024 - 11:17
Ahead of May’s local and mayoral elections, motorists have noted an absence of conversation around charging infrastructure from candidates, a
30/04/2024 - 09:55
The LGA has joined forces with the Electoral Commission and the Jo Cox Foundation to call for no abuse towards candidates at this set of local elections.
29/04/2024 - 14:35
Scotland's first minister, Humza Yousaf, has announced his resignation today.
29/04/2024 - 11:56
Scotland is aiming to boost affordable their housing supply by acquiring properties to bring into use and help reduce homelessness with an £80 million uplift over the next two years.
29/04/2024 - 10:53
The Government Property Agency (GPA) has signed Kier as its initial delivery partner to create a new hub at the Darlington Economic Campus.
Company Focus
Located in Bromley, Japanese Knotweed Eradication Ltd has been providing solutions in the treatment and removal of Japanese Knotweed (Fallopia Japonica) for over a decade. During this time we have mastered a repertoire of methods, from herbicidal treatments to landscaping solutions, tailored to address the unique challenges our clients face with this pervasive weed.
Event Diary
UKREiiF has quickly become a must-attend in the industry calendar for Government departments and local authorities.
The multi-award-winning UK Construction Week (UKCW), is the UK’s biggest trade event for the built environment that connects the whole supply chain to be the catalyst for growth and positive change in the industry.
Supplier Profiles
At GeoEnergy Design, we're on a mission to disrupt the traditional way heating and cooling ha
Latest Features
Professor Harith Alani, director of the Knowledge Management Institute at the Open University explains how AI can be used for good and bad.
Alex Lawrence, head of health & social care, techUK sets out techUK’s Five Point Plan for CareTech.
