Corby is the fastest growing place in England and Wales

[Newsdesk]

Based on statistics published by The Chartered Institute of Public Finance and Accountancy (CIPFA), which is the leading commentator on all matters relating to public finance in the UK, Corby has demonstrated the fastest growing tax base* over the last three years of any local authority in England and Wales.

Based on the average Band D Council Tax charge, Corby showed the largest percentage increase in its tax base – recording 8.7% growth between 2006/7 and 2009/10.

In further evidence of growth spreading across North Northamptonshire, Kettering showed the third highest percentage increase of any local authority over the same three year period - a growth of 6.4% in its tax base. Of more than 200 local authorities, East Northamptonshire (23rd) and Wellingborough (36th) also ranked highly in terms of tax base growth.

In Corby, the Council has already received approval for £3.5m of Social Housing Grant (SHG) to build 70 new Council homes. In addition, more than 640 new homes are to be built in the Borough following confirmation, in December 2009, of £20.8m of new funding through the Kickstart programme. This will include 388 new homes at Priors Hall, a major urban extension to the north east of the town.