[Skip to content]

FM World logo
Text Size: A A A
16 January 2019
View the latest issue of FM
Sign up to Facilitate Daily >
FM World daily e-newsletter logo



Southampton City Council offices © Shutterstock

30 August 2017 | Herpreet Kaur Grewal

Southampton City Council is close to establishing a Local Authority Trading Company (LATCo) – a wholly owned trading arm that generates surplus to reinvest in services.


The public, partners and staff have provided their feedback on the proposals through a formal consultation process, which ended on 13 July. The feedback has now been compiled and been discussed at a cabinet meeting.


The consultation sought views on the principle of creating a LATCo, the services the LATCo might deliver, and whether to develop the company with or without external ‘improvement partners’.


The consultation feedback showed that 63 per cent agreed to create a Local Authority Trading Company and most respondents (57 per cent) said they felt that the council should establish a LATCo without any external improvement partners.


Based on this feedback, the council is proposing to go ahead with the creation of a LATCo without improvement partners, and will be looking at how to ensure the necessary capacity and expertise are available to make it a success.


More detailed plans will be taken to the council cabinet in January 2018, after which time further consultation with residents, tenants and staff is expected.

A similar model is Norse Group, which is Norfolk County Council’s trading arm.