Havering Council to receive £2m funding increase from Parliament
PUBLISHED: 13:31 15 February 2018 | UPDATED: 13:31 15 February 2018
Parliament has approved a funding settlement that will see a substantial funding increase for Havering Council in the coming financial year.
The settlement gives councils additional financial freedoms to deliver services for their most vulnerable residents.
For the coming financial year 2018/19, Havering will have core spending power of £174.7m. an increase of £2.1m or 1.2pc.
In addition, £16m will be made available to councils providing services in rural areas.
For Havering, this additional funding amounts to £600,000.
Romford MP, Andrew Rosindell said: “I am glad that this settlement will help support our adult social care, and the largest growing number of children in the borough.
“These twin demographic challenges, inevitably place substantial pressure on already constrained budgets.
“Nonetheless, through efficiency and innovation we have not only continued to deliver key council services but undertaken an ambitious sports and leisure centre and are about embark upon major housing regeneration.”
Havering will also benefit from London being confirmed as a business rates retention pilot area.
This will see London keeping 100pc of growth in business rates, which will stay in communities and be spent on local priorities.
Secretary of State for housing, communities and local government, Sajid javid said: “Parliament has approved a settlement that strikes a balance between relieving growing pressure on local government whilst ensuring that hard-pressed taxpayers so not face excessive bills.
“We have listened to representations made and delivered on these requests: two years of real terms increases in resources, more freedom and fairness, and greater certainty to plan and secure value for money.”