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Thursday, June 20, 2024
HomeBusinessHarrow Council to receive £4.3M extra funding

Harrow Council to receive £4.3M extra funding

The Government has approved a significant funding package of over £64.7 billion for local councils in England for the 2024-25 fiscal year, marking a 7.5% increase in cash terms compared to the previous year. This funding includes £500 million for social care.

Harrow’s Settlement Funding Assessment will rise to £44.9 million, an increase of £4.3 million from 2019. This boost is expected to support essential local services.

Speaking to Harrow Online, Bob Blackman CBE, MP for Harrow East said, “I am delighted that we have secured more funding for the London Borough of Harrow – with Harrow’s Settlement Funding Assessment increasing to £44.9 million. That’s £4.3 million more than when I was re-elected in 2019 and will support vital local services in our community.”

Blackman has been pivotal in securing this funding for Harrow, working for months to ensure the borough receives the necessary financial support.

He added, “The Council’s core spending power is also increasing from £232.3 million to £248.6 million, this is great news! The new administration is working hard to improve and deliver better services for local residents and this latest funding announcement will provide the long-term support they need to achieve this.”

Blackman also posted via X, “How do you want this additional funding spent in our Harrow?. Click the link below to let me know.” He included this link for residents to share their input.

Local authorities are required to develop and share productivity plans to ensure the sector’s sustainability. These plans must be published by July 2024, agreed upon by Council Leaders and members, and posted on local authority websites.

The plans should focus on four key areas: transforming services, utilising technology and data, reducing wasteful spending, and addressing government-reducible barriers.

A new productivity review panel will be established, comprising sector experts, including the Office for Local Government and the Local Government Association.

The government emphasises that the ‘4-day working week’ and similar arrangements are not cost-effective and will consider responses from consultations on future financial settlements in its broader policy development efforts.

Levelling Up Secretary Michael Gove said, “Today, 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% 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.”

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