Rugby council's Government funding could be slashed from £2.6m to £299k

Rugby Borough Council's funding from the Government could be slashed by £2.3m, according to a council projection.
By Alex Green
Published 3rd Dec 2019, 17:12 BST
Updated 3rd Dec 2019, 17:13 BST
Rugby Town Hall.Rugby Town Hall.
Rugby Town Hall.

The figures are outlined in Rugby council's Medium Term Financial Plan, which sets out the authority's financial situation from now until 2019-2023.

In this plan, council officers have projected that Government funding for 2020/21 would total £2.6m, falling to £1.4m in 2021/22, then to £968k in 2022/23 and ending at £299k in 2023/24.

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The huge loss of income is predicted to come from the scrapping or reduction of Government grant schemes, including the New Homes Bonus (NHB) - which the Advertiser has previously reported on.

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The red arrow shows the column concerned with Government funding. Source: Rugby Borough Council's agenda for the December 2 cabinet meeting.The red arrow shows the column concerned with Government funding. Source: Rugby Borough Council's agenda for the December 2 cabinet meeting.
The red arrow shows the column concerned with Government funding. Source: Rugby Borough Council's agenda for the December 2 cabinet meeting.

These figures are not certain, but are a prediction made by council officers based on what information they have.

And the report adds that the the announcement of a General Election has confused the matter.

View the report in full by visiting www.rugby.gov.uk/meetings/meeting/978/cabinet

Related topics:Government