THURROCK Council is calling on local business owners and managers to contribute ideas as it bids to set a first budget since the collapse of its finances.

The authority, which is all but technically bankrupt following the collapse of its 'borrow to invest' policy, has delayed a cabinet meeting, allowing itself more time to consider options.

Unlike companies, because it has statutory obligations to run services, the council has to continue to operate but has to slash costs and sell assets.

It has turned to the borough business community asking for advice, saying: At Full Council on 22 February, we will be setting our annual budget. Setting a budget takes a considerable amount of work in any normal year under normal circumstances.

"It is safe to say that doing so this year will be more challenging than ever, and we simply won't be able to do so without Government support.

"Thurrock Council officers, our elected members and the Commissioners are all sharply focused and working together to see the Council reach full recovery and achieve financial stability.

"As key partners, colleagues, and leaders of business in Thurrock we want to invite you to have your say on our budget proposals, and we welcome your feedback so it can help inform discussion at Cabinet on the 15 February, before final decisions are made at Full Council on 22 February.

"The draft budget proposals were published on 27 January and are available here

"You can share your feedback on our draft budget proposals on or before Sunday 12 February here."