PLANS to make the management of Langstone Harbour more financially independent will be discussed on Friday.
Councillors from Havant Borough Council and Portsmouth City Council will thrash out a bid to make the Langstone Harbour Board self-sustaining.
Both authorities provide half of a precept grant totalling about £70,000.
A report to go before the committee states a recent upturn in commercial activity led to the harbour’s accounts being in surplus for the first time in years.
Income in the last financial year was about £676,000 — compared to an expenditure of around £631,000. Combined with the precept, it gives the board a surplus of around £116,000.
A report states the upturn is down to ‘considerable efforts’ being made by the board over several years. A sum of £20,000 could be provided jointly by Portsmouth and Havant to help the transition.
The report states Portsmouth hopes to have the precept reduced to nil by the financial year 2016/2017. The meeting, at The Plaza in Havant from 2pm, will also see a new chairman and vice-chairman elected.