Thanks to its ambitious plans for economic growth, Knowsley Council has generated more income from Council Tax and Business Rates growth.
The Council Tax ‘base’ – which means the number of residential homes in the borough who pay Council Tax – is predicted to increase by 2.6% in 2020/21 compared to the previous year. This means there are now 933 more ‘Band D’ properties in Knowsley.
This 2.6% increase in households paying Council Tax means £1.386m extra per year can be ploughed back into the council services that benefit people living in the borough.
More homes and more business investment has been key
House building has been accelerated in the borough, with nearly 4,000 new homes built between 2011 and 2019, with 4,500 more planned over the next five years.
At the same time, more businesses coming into Knowsley and the expansion of existing businesses has meant an additional £1.3m has been generated in Business Rates over the last year. This has meant net Business Rates income has increased by 6.1% in the last three years compared with 5.9% across England.
Cllr Jayne Aston, Cabinet Member for Resources, said: “We have ambitious development plans here in Knowsley to attract more residents, visitors, businesses and investors and our plans are paying off with the achievements we have made to date.
“With drastic central Government funding cuts, we need to generate income from Council Tax and Business Rates to ensure that essential council services that our communities value and need can continue to be provided.
“I look forward to seeing our growth plans achieve even more over the coming years.”