Commercialisation: Risks and challenges
The squeeze on government funding has forced councils to explore new and innovative ways to maximise revenue within their districts, in order to protect the instrumental public services provided to its local communities. As a result, local authorities are shifting their strategy to a more commercial approach, utilising assets more efficiently and selling services in order to generate monies. However, commercialisation is often a complex process, with authorities required to weave through a number of challenges and risks.