reinvest

The company saw the need to rebuild and reinvest in L.A. and Hollywood.

Mr Walker said this figure not only impacts the company's bottom line but also limits its ability to reduce prices and reinvest in staff wages.

The council also agreed to reinvest in the ReferKent system, which helps refer people to organisations which help with issues including loan sharks and addiction.

As well as the valuable experience, the trio will earn at least £66,000 in prize money to reinvest in their careers.

Traditionally they reinvest any surplus income into maintaining and improving housing stock, rather than distributing profits to shareholders.