Exploring Ways of Funding the Smarter City
The ultimate stakeholder in Smarter City initiatives is often a local authority – they alone have the responsibility to ensure the functioning and success of a city as a whole. But while some reports show that private sector sentiment is finally improving following the 2008 crash, public sector – and in particular, local government – is still in the grasp of an unprecedented squeeze in funding. So where can city authorities look for the – sometimes substantial – funds needed to support Smarter City initiatives?
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