Over the border: Stortford MP welcomes £600 million funding for local authorities
Politics / Thu 8th Feb 2024 at 09:34am
JULIE Marson, Member of Parliament for Hertford and Stortford, has today welcomed £600 million of funding for local authorities, including Hertfordshire County Council, with £500 million of new funding for councils with responsibility for adults and children’s social care.
The decision signifies part of a 7.5% increase in Core Spending Power for local governments in England, rising from £60 billion to £64.7 billion in 2024-25. The extra funding follows the provisional Local Government Finance Settlement, providing over £64 billion, an increase of 6.5% in cash terms from 2023-24.
£500 million is earmarked for social care responsibilities, aiming to reduce pressures on children’s services. The Funding Guarantee ensures a minimum 4% increase in Core Spending Power for all local authorities. As part of the £500 million in funding for both adult and children’s social care, special education needs and disabilities (SEND) support is also being boosted by this announcement too. It represents a promising step towards helping local governments support children with additional needs.
Local authorities are also encouraged to develop productivity plans, monitored for future funding considerations. In addition, an expert panel, including the Office for Local Government and Local Government Association, will advise the Government on financial sustainability in local government. The final Local Government Finance Settlement, with individual allocations, will be published next month, subject to parliamentary debate.
Commenting, Julie said:
“I’m pleased to see the Government backing local authorities, across the country, demonstrating its commitment to Levelling Up the UK. This targeted support for social care and the overall funding boost emphasises the importance of addressing challenges faced by our local communities.”
“Having lobbied on behalf of Hertfordshire County Council, I know that this is a real shot in the arm for local governments and their financial sustainability. I’m looking forward to seeing the positive impact this will bring to the country, and crucially, Hertford and Stortford.”
Richard Roberts, the Leader of Hertfordshire County Council said “This is fantastic news, so helpful. Julie you have been incredibly helpful in helping put our case and I thank you and colleagues for supporting Hertfordshire to continue to deliver vital services. This additional money will support vulnerable children and adults and is an absolute lifeline in difficult financial circumstances”