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

Service Manager, Children’s Homes Service

Durham County Council
Grade 16 £56,554 - £60,680 Potential earnings up to £63,180 per annum.
Service Manager, Children’s Homes Service   Lead with Purpose, Inspire Change and Transform Lives.   Salary
Recuriter: Durham County Council

Systems Implementation Officer

Durham County Council
Grade 9 £35,412 to £39,152 per annum
Are you ready to lead the rollout of a brand-new ICT system for Children’s Homes in County Durham?   We’re seeking a proactive Systems Implementation Spennymoor
Recuriter: Durham County Council

Registered Homes Manager

Durham County Council
Grade 14 £50,269 - £54,495 plus £2,500 recruitment/retention allowance and £3,500 market supplement. The salary with additional payments equate to an earning potential per annum of £60,495 at the top of the grade.
Registered Homes Manager, Children’s Homes Service   Lead with Purpose, Inspire Change and Transform Lives.   Salary
Recuriter: Durham County Council

Building Surveyor

Durham County Council
Career Grade 9 to 12 - G9 £35,412 - £39,152 / G10 £38,220 - £41,771 / G11 £40,777 - £45,091 / G12 £44,075 - £48,226
The Construction Consultancy Services (CCS) team provide client-side construction consultancy services across a range of professional disciplines to d Durham
Recuriter: Durham County Council

Multimedia Support Officer

Durham County Council
Grade 5 £26,403 to £28,598 per annum
We are looking for an organised individual who has strong marketing and commnication skills until 29 May 2026. WHAT IS INVOLVED? You will support the Durham
Recuriter: Durham County Council
Linkedin Banner