William Eichler 15 November 2023

Cambridge faces £6m budget cuts

Cambridge faces £6m budget cuts image
Image: Number1411 / Shutterstock.com.

Cambridge City Council needs to make an extra £6m of savings over the next three years and £11.1m in new savings by 2029.

The city council’s Medium Term Financial Strategy (MTFS), which will be discussed by councillors next week, says that while Cambridge has been ranked ‘the most intensive science and technological cluster in the world’, the growth in investment and jobs has led to rising housing costs, traffic congestion, and harm to the environment.

Other factors, such as government cuts, inflation, and the cost-of-living crisis, are also contributing to the council’s financial challenges.

Cllr Simon Smith, executive councillor for Finance and Resources, said: ‘The financial picture facing the council continues to be extremely challenging due to lack of government funding to councils and a range of external pressures. Despite this we remain committed to providing sound finances and a balanced budget as we have done for many years, so we can keep providing and improving quality services for the city’s residents.’

Councillors will consider the MTFS and a proposed budget consultation at a meeting of the Strategy and Resources Committee on 20 November.

If this article was of interest, then check out our feature, 'How to fix local government finance'.

SIGN UP
For your free daily news bulletin
Highways jobs

Grounds Maintenance & Street Cleansing Manager

Essex County Council
Up to £20.60 per hour
Grounds Maintenance & Street Cleansing Operative Manager Full-Time, Temporary*37 Hours per Week£20.60 per hour* Closing Date
Recuriter: Essex County Council

Director of People

Bolton Cares
£80,287
Bolton Cares is on an exciting journey of transformation and growth and we’re looking for a dynamic, people-focused leader to help shape our future. Bolton, Greater Manchester
Recuriter: Bolton Cares

Director of Care

Bolton Cares
£81,974
Bolton Cares is entering an exciting new chapter and we’re looking for a visionary leader to help shape it. Bolton, Greater Manchester
Recuriter: Bolton Cares

Director of Asset Investment & Growth

Bournville Village Trust
£115,000
A new chapter in a legacy that’s over 125 years in the making. Bournville, Birmingham
Recuriter: Bournville Village Trust

Assistant Director – Integrated Commissioning and Contracts

Suffolk County Council
£85,289 - £102,448 per annum
We are seeking a dynamic and strategic Assistant Director Suffolk
Recuriter: Suffolk County Council
Linkedin Banner