Oldham Council is expecting to save £2 million through an early payment system.

The system delivered by Oxygen Finance has been piloted since mid-2012 and generates savings through early payment in exchange for cash return.

The system ensures a return of a minimum of one percent back from every early payment. The £2 million saving is expected to be generated over a four-year period.

CEO of Oldham Council, Charlie Parker stated that: “Our work with Oxygen to implement the early payment programme is helping Oldham Council to make significant savings over the next few years.”