Laura Sharman Thursday, February 11, 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

Team Manager - DBIT Core Service, North Essex

Essex County Council
£55892.0000 - £69241.0000 per annum
Team Manager - DBIT Core Service, North EssexFixed Term, Full Time£55,892 to £69,241 per annumLocation
Recuriter: Essex County Council

Social Worker

Durham County Council
Grade 9 - £35,412 - £39,152 (pre-progression) / Grade 11 - £40,777 - £45,091 (post-progression) - Pay Award Pending
We are looking for a social worker who has completed their assessed and supported year in employment to join our Children in Care teams. In this role Durham
Recuriter: Durham County Council

Service Manager – Child Protection and Allegations Management

Durham County Council
£56,554 - £60,680 - Grade 16
We are looking for a Service Manager to lead our newly created Child Protection and Allegations Management Service. This is a brand-new leadership rol Spennymoor
Recuriter: Durham County Council

Business Rates Officer

Durham County Council
£26,403 to £28,598 p.a. (Grade 5) pay award pending
Do you have experience of dealing with members of the public in a caring and responsive manner?  Do you have good organisational, numerical and time m Spennymoor
Recuriter: Durham County Council

Assessment and Awards Officer

Durham County Council
£26,403 to £28,598 p.a. (Grade 5) pay award pending
Do you have experience of dealing with members of the public in a caring and responsive manner?  Do you have good organisational, numerical and time m Spennymoor
Recuriter: Durham County Council
Linkedin Banner