- Gedling Borough Council will receive £700,000 in extra funding next year as part of the Conservative Government’s £64.7 billion Local Government Finance Settlement.
- An extra £7,000,000 for the provision of vital care services, like residential children's care or looking after elderly people, has been secured for Nottinghamshire County Council as a result of lobbying from Tom Randall MP and Nottinghamshire County Council Leader Cllr Ben Bradley MP
- An extra £4,000,000 will be invested into road repairs across Gedling and Nottinghamshire this year.
- The Conservative Government is sticking to the plan, continuing to drive down inflation and ensuring local authorities in England have the long-term funding they need through an increase in their Core Spending Power of up to £4.5 billion and additional measures worth £600 million this year. The settlement includes £1.5 billion of additional funding for adult social care and additional support for rural authorities.
- This increase in funding for councils will enable councils to provide vital services for residents while helping them to manage their finances for the long-term, securing a brighter future for taxpayers.
Tom Randall MP has welcomed the announcement that Gedling Borough Council will see its budget boosted by 5.8 per cent next year, as the Conservative Government sticks to its plan by more than halving inflation from 11.1 per cent to 4 per cent and giving local authorities the resources they need to support their communities in the long term and deliver a brighter future for the whole country.
The Local Government Finance Settlement sets out how much councils have to spend on vital local services each year, including social care which will see a £1.5 billion increase in funding next year as a result of the announcement.
Local authorities in England, including Gedling Borough Council, will receive a share of the £64.7 billion Local Government Finance Settlement next year – up £4.5 billion on this last year.
This additional funding also includes a £15 million increase to the Rural Services Grant worth £110 million of spending to spend on hard-to-reach rural communities.
Residents will also remain protected from excessive council tax increases thanks to Conservative reforms to council tax, ensuring councils cannot impose sudden and unexpected rises in council tax on local people without a referendum.
This additional funding comes on top of the £4.8 billion Levelling Up Fund and £2.6 billion UK Shared Prosperity Fund, which are improving local and civic infrastructure and supporting local communities as the Conservative Government sticks to the plan to deliver a brighter future for all.
Commenting, Tom Randall MP said: “Local councils play a vital role in our communities, providing crucial local services that people rely on, but we know the effect of Covid and the war in Ukraine have increased cost pressures.
“It is therefore great news that Gedling Borough Council will have an additional £700,000 funding from the Government this year which will contribute towards helping the Council's continued provision of local services.
“In addition, I have worked with the Leader of Nottinghamshire County Council, Cllr Ben Bradley MP, in lobbying Government Ministers for extra funding for Nottinghamshire County Council and I am delighted that we have secured an extra £7,000,000 for the provision of vital care services, like residential children's care or looking after elderly people.
“I am also pleased to hear that Conservative-led Nottinghamshire County Council has today announced that an extra £4,000,000 will be invested into road repairs across Gedling and Nottinghamshire.
“This extra £700,000 for Gedling Borough and £7,000,000 for Nottinghamshire County Council builds on the significant funding boost the councils received last year, showing the Conservative Government’s plan to ensure local authorities have the resources they need is working. Meanwhile, Labour have no plan and would just take us back to square one with their £28 billion unfunded spending spree.”
Commenting, the Secretary of State for Levelling Up, Housing and Communities, Michael Gove, said: “This week, I set out the final Local Government Finance Settlement for 2024-25. This makes available up to £64.7 billion for local authorities in England, an increase in Core Spending Power of up to £4.5 billion, or 7.5 per cent in cash terms, on 2023-24.
“This settlement, and the changes we have made to address concerns raised through the consultation, will provide local authorities with the tools to support their local communities, continue to reform their services for the long-term, and to help communities prepare for the future.”
