Appendix 4 - Costing of Selective Licensing Scheme

Licence fees

Application cost1£340
Proposed enforcement fee£460
Total licence fee£800

Any properties that are licensed when the scheme ends in August 2023 will be eligible for a £300 discount.

Application cost1£340
Proposed early bird enforcement fee£160
Total licence fee£500

The council will continue to offer a £50 discount to licence holders who are accredited at the time of applying for a licence.

1Note - The licence fee will be reviewed yearly and adjusted for any increase in costs.

Costs

The two tables below outline the cost of the Selective Licensing Scheme.

Staffing£1,350,000
Staff mileage and travelling£5,000
Stock modelling£60,000
Total£1,415,000
Income - renewals at £500 with a 80/20 split of £50 accreditation discount£243,000
Based on licence fee of £800 with a 60/40 split for £50 discount£1,030,000
Additional enforcement income (assume 5 FPN at £3k each)£150,000
Total£1,423,000