Mark Whitehead 03 April 2019

Northants closes £65m funding gap in under a year

Northants closes £65m funding gap in under a year image

Northamtonshire County Council has had its emergency section 114 notice lifted after wiping out a £65m funding gap in less than a year.

A report to its cabinet next week says it is now set to be £100,000 in the black in what council leader Matt Golby claimed as a 'remarkable achievement'.

However, he said the council's position was still 'fragile' and 'robust spending controls' would continue.

Government commissioners were sent in last year to rescue the council from a spiralling financial crisis.

A 'stabilisation plan' including cuts in services, increased charges and job losses was passed in a bid to balance the books, while the Government allowed the authority to raise its council tax to 4.99% and keep receipts from property sales which included the county hall.

Cllr Golby said: 'This is a remarkable achievement for all concerned and I would like to thank everyone for their hard work in making this happen.

'Let’s not forget that our financial challenge stood at £64.4m earlier this year so to be reporting such a positive situation for period 11 is a considerable accomplishment.

‘However, we still need to be cautious as – although this is exceptionally positive – it does not mean that the council has made a full recovery. Our financial position remains fragile.

'As such, the council will maintain its robust spending controls, including the continuation of the spending control panels, to ensure all spending is scrutinised to demonstrate best value in fulfilling the council’s objectives.'

In competition with the PWLB image

In competition with the PWLB

Christian Wall considers what alternative funding channels are available to local authorities beyond the Public Works Loan Board.
Highways jobs

Director of Learning

Camden London Borough Council
Up to £85,850
To be considered for this post we are looking for a degree educated innovative and diligent Director who has previous demonstrable experience. Camden, London (Greater)
Recuriter: Camden London Borough Council

Chief Officer

Leeds City Council
Up to £106k
Leeds, a city built on talent! Leeds, West Yorkshire
Recuriter: Leeds City Council

Head of Educational Safeguarding and Inclusion

Kirklees Metropolitan Council
Up to £61,751
As an experienced educational specialist, with a depth of knowledge, passion and commitment for inclusion you’ll... Kirklees, West Yorkshire
Recuriter: Kirklees Metropolitan Council

Resourcer/Support Officer

Kirklees Metropolitan Council
£19,554 - £21,166
You will provide appropriate support to and work alongside a disabled Corporate Policy Officer working within the Strategy and Policy Team.  Kirklees, West Yorkshire
Recuriter: Kirklees Metropolitan Council

Newly Qualified Children’s Social Worker

London Borough of Bexley
£29,966 inclusive of Choices and Market Premium
If this sounds exciting and reassuring, we want you to get in touch with us! Bexleyheath, London (Greater)
Recuriter: London Borough of Bexley

Local Government News

Latest issue - Local Goverrnemnt News

The March issue of Local Government News explores alternative funding channels that are available to councils beyond the Public Works Loan Board, what hurdles merging councils face in coming together, and how local government is handling GDPR.

This issue also has a special highways and street lighting section exploring how councils can use lighting to embark on their smart city journey and using IoT technology to weather the storm.

Register for your free magazine