Talks over future of leisure services
Boston Borough Council's Cabinet has agreed talks should go ahead with companies which have expressed an interest in running the Geoff Moulder Leisure Complex, the Guildhall and sport and play development services.
The council has to save £250,000 from its leisure services by 2019/20 as a result of reductions in Government funding.
A number of not-for-profit organisations have expressed an interest.
Cabinet agreed to explore and progress the expressions of interest in respect of the future operational and development arrangements for the council's leisure, Guildhall and sports services. The outcome will be reported back to the Corporate and Community Committee for further consideration and recommendation.
At the same time the quest for improvements, efficiencies and savings to current services will continue to be explored.
Cllr Claire Rylott, portfolio holder for leisure services explained that the council will retain ownership of the facilities, but is seeking to engage with organisations which can help the council save money while at the same time retaining or even improving the services.
The council has already entered into successful agreements for other agencies to run the Princess Royal Sports Arena and the Peter Paine Performance Centre.
The council is also meeting austerity measures by exploring new ways of raising revenue to maintain essential services.
Cash invested in property funds by Boston Borough Council has seen a return of £111,000.
Since 2016/17 the £1 million investment has returned an average of 12.2 per cent per annum.
Cllr Aaron Spencer, Boston Borough Council's finance portfolio holder told Cabinet members: "That approach to capital management is already returning what we anticipated."
The council is now aiming to raise more cash by investing a £20 million loan in similar fashion.