Laura Sharman 11 February 2021

Four councils get emergency bail out deal from Government

Four councils get emergency bail out deal from Government image

Four councils that are unable to balance their budgets will receive emergency funding from the Government.

The councils - Bexley, Eastbourne, Luton and Peterborough - have been granted the support due to their 'unique circumstances or residual issues'.

The councils have each been awarded a Capitalisation Direction enabling them to borrow in order to fund revenue costs.

Bexley LBC has been issued a capitalisation directive for £3.87m, and will receive just over £6m in grant funding.

Teresa O'Neill, council leader, said: 'The directive is a further tool to help us manage the financial uncertainty the pandemic has created. We will only use it if we need to.'

Luton Council will be allowed to borrow up to £35m and Eastbourne Council will be allowed to borrow £6.8m to fund services this year.

Luton Council leader, cllr Hazel Simmons, said: 'I welcome the exceptional financial support that the Government has agreed to provide to Luton Council which recognises the catastrophic impact of COVID-19 on our airport.'

Peterborough City Council will receive an additional £4.8m and up to £20m for 2021/22 through the Capitalisation Direction.

Cllr John Holdich, leader of Peterborough City Council, said: 'We are delighted with the positive response we have received from MHCLG to our request for exceptional financial support. In allowing us a Capitalisation Direction, they are acknowledging that the council has done everything it can to deliver much-needed services efficiently. This includes the implementation of a financial recovery programme and an extensive review of our services and contracts to ensure they are achieving best value.'

The Isle of Wight Council will receive £50,000 to review the challenges face by the council.

MPs have attacked 'broken' council funding as the settlement for 2021-22 was passed in the House of Commons.

SIGN UP
For your free daily news bulletin
Highways jobs

Highways Supervisor

London Borough of Richmond upon Thames and London Borough of Wandsworth
£44982 - £54500
Job Title Highways Supervisor... Richmond
Recuriter: London Borough of Richmond upon Thames and London Borough of Wandsworth

Communication Support Worker

Durham County Council
£33,673 - £37,563 pro rata
Required – Temporary, grade 8, term time only plus 2 weeks.  8 hours per week until 31 August 2027. Are you looking or a role in school supporting th Durham
Recuriter: Durham County Council

Outreach Workers

Durham County Council
Grade 6 £29,071 - £32,046
We are looking for enthusiastic and committed practitioners to join our Family Hub Teams supporting children and Families to deliver services in comm Peterlee
Recuriter: Durham County Council

School Admin Officer

Durham County Council
£26,403 - £28,598 pro rata (pay award pending)
Required to work term time only plus 2 weeks during summer holidays. 8am-4pm. Wingate Nursery School is looking for an exceptionally organised, warm, Wingate
Recuriter: Durham County Council

Cleaner

Durham County Council
£24,796 pro rata (pay award pending)
Required to work 12 hours per week, 05.30-08.00 or 15.30-18.00 Monday-Friday, Term Time plus 3 weeks to be worked during school holidays. We are seek Durham
Recuriter: Durham County Council
Linkedin Banner