Tim Oliver, Cabinet member for Resources in the borough’s Conservative administration, is driving forward a strategy of property in- vestments that will give the borough a stable income in the near future.
He told our newsletter The Molesey News that the grant Elmbridge receives from Central Government to run services has diminished by 50% in the last four years, and will continue to go down.The council has successfully reduced its spending by £8million since the current administration took office in 2006, without impacting frontline services. But making efficiencies is only part of the solution and the council also needs to find new sources of income.
Cllr Oliver (pictured) said: “We have set the goal of financial in- dependence from the Government grant by 2020. All local authorities want to be in that position but for most it is not realistic. Elmbridge is one of the few councils where that is achievable, because of the decisions we’ve taken.” Elmbridge receives a ‘New Homes Bonus’ stream of money from the Government, which the council has used to build its reserves by around three to four million each year.
Cllr Oliver added: “This has allowed us to invest around £13million so far in ‘local as- sets’, for example we purchased a row of shops in Cobham. Our investment crite- ria is that it has to be in the borough and make a minimum annual return for the taxpayer of 6%.”
As Resources portfolio holder Cllr Oliver oversees Elmbridge’s legal department, IT, finances and asset management. He is married to Debi, a GP, and has three children. Though now a borough councillor for Esher, he was formerly East Molesey’s county councillor from 2005 until 2009.
Cllr Oliver, 54, brings a wealth of experience from the world of busi- ness to the council. In 2000, the year he was first elected, he launched his legal services company, Prabis, and grew it from a turnover of £2million to just under £200million this year. It employs 2,500 people. Whilst doing that Cllr Oliver was also chairman of the Shooting Star Children’s Hospice for a number of years and oversaw its merger with Chase in Guildford. He is now deputy chairman of his company, a less hands-on role which allows him more time to spend on council work.
Cllr Oliver said: “Local government isn’t just about emptying the wheelie bins. Elmbridge can be a top borough to live in. We’ve got the environment and the quality of life and it’s up to the council to see how we can add to that.”