Our financial situation
Protecting vital services and supporting residents
Our financial situation
We have been handed our worst ever deal by central government that will see our funding reduced by £43million over the next three years.
For many years we have been the worst, or one of the worst, funded councils in the country. If we received the average funding level for council like ours (unitary authorities that are responsible for social care) we would get an extra £76million this year. By 2028/29 that gap will have grown to £96million.
We are a highly efficient council (rated the second most productive in the country by independent experts in the Impower Index) and have saved (or generated additional income of) more than £24million over the past three years.
We will continue to seek efficiency savings and generate income where we can but will also need to look at reducing or stopping some of the things we currently do.
