It is proposed to increase the factoring fee by 3.5%, to reflect annual increases in the cost of delivering this service. This would increase the fee from £57.00 per annum to £59.00 per annum.
Conclusion
As part of the Resources 10/11 savings it is proposed to increase the annual charge for factoring from £57.00 to £59.00 per annum. Following the impact assessment undertaken, the Council has reached the conclusion that the implementation of this saving will not have any significant adverse impact on any equality group.
