Aylesbury Vale District Council is going into business to bring in much-needed revenue to help offset its government grant cuts.
The council has set up a trading arm, Novae Consulting Limited, to allow it to sell expertise to private firms and other local authorities.
It is wholly owned by AVDC and all income generated will be reinvested into the council for the benefit of residents and businesses in the Vale.
Novae can call upon a team of over 300 skilled, dedicated professionals from within the authority and through its partners to offer a range of consultancy services from business development and service change to major project management and engineering.
The company is also well placed to offer independent specialist advice to businesses that have to meet new energy efficiency targets. All businesses with a turnover of more than £39 million or employing more than 250 staff now have to comply with the Energy Savings Opportunities Scheme (ESOS), which involves an audit every four years of energy and transport issues, or face a fine of up to £50,000.
It is hoped that Novae will help the council to become self-financing by 2019 when traditional government grants are likely to disappear.
Councillor Janet Blake, Cabinet Member for Business Transformation, said: “The council is taking this step to make best use of its resources and generate a longer term, more sustainable income source for the future. This is an innovative idea to generate additional income for the council to support the continued financial challenges that local government faces and fits with the aim of protecting our frontline services as far as possible.”
Businesses can find out more information about ESOS at a breakfast seminar at the council’s Gateway offices on 28 July. To register for places, please email firstname.lastname@example.org.