Ensuring financial stability
VisitEngland welcomes the fact that the Policy recognises that “local authorities have a strong financial incentive to invest in local tourism bodies, because of the sector’s excellent prospects for driving economic growth”. The fact that Government has announced plans to modify local authority funding to allow them to take a financial stake in their economic growth is recognised although the precise detail of how this will operate is awaited VE has met with the LGA who are looking into the implications this may have for tourism. VisitEngland and its partners, however, will also be working to explore with the Minister the possibility of extending tourism business improvement districts and other alternative models of funding for the future.