income generation
Lewisham Council is preparing a report on statutory income generation methods, as councils face significant budget shortfalls.
Lewisham Council's Public Accounts Select Committee deferred a report on a proposed Green Bond initiative in September 2026, stating it was not yet ready for discussion. Councillor James Rathbone had inquired about the readiness of the Income Generation and Green Bond items for a November meeting, with a report on statutory income generation methods expected. This comes as Wandsworth Council faces a £7.7 million transport budget savings target by 2027, attributed to funding cuts and London Plan mandates, as stated by Councillor Nick Austin in September 2026.
Lambeth Council is also forecasting an £11 million overspend for the current financial year and a £93 million budget gap over three years, according to Councillor Zvikomborero Chihoro in July 2026, highlighting income shortfalls in some services. Separately, Tower Hamlets Council's Mayor's Executive Decision Making committee was scheduled in March 2026 to consider a report outlining a strategy for generating income through digital advertising and electric vehicle charging concession contracts.
No specific upcoming meetings are supplied for this topic. However, Councillor James Rathbone had inquired about the readiness of the Income Generation and Green Bond items for a November meeting of Lewisham Council's Public Accounts Select Committee. Income generation refers to activities undertaken by councils to increase revenue from sources other than traditional taxation or grants.
Key facts
- Lewisham Council's Public Accounts Select Committee deferred a report on a proposed Green Bond initiative in September 2026. Source
- Wandsworth Council faces a £7.7 million transport budget savings target by 2027. Source
- Wandsworth Council faces an £84 million reduction in central government funding from April 2027. Source
- Lambeth Council forecasts an £11 million overspend for the current financial year. Source
- Lambeth Council forecasts a £93 million budget gap over the next three years. Source
About this summary
This summary was written automatically from our published stories and the council meeting records they draw on. It describes what councils have discussed and decided; it does not take a view on any decision. Each key fact links to the story it comes from. Updated 30 September 2026. Spotted a mistake? Email community@opencouncil.network.