Corporate, Finance

County council loses £15.6 million funding next year

Speaking following yesterday’s (8 December) announcement of the local government finance settlement for next year, Surrey County Council Leader David Hodge said: “Surrey’s grant allocation will reduce by 10% next year or nearly £16m. However, this is in line with what we were expecting and we’re well placed to manage it.

“There will continue to be difficult decisions for all of us in the public sector to take in the coming years and although a lot has already been done more is still needed.

“It means carrying on with our Public Value Reviews of services that have already found total savings of more than £100m and continuing to remove barriers to public services working as one team to ensure taxpayers’ money goes further and residents get the best services.”

In total, Surrey received £164.2m this year and is now set to get £148.6m next year. This is a difference of £15.6m and follows a cut of £25.5m this year.

It is expected that the council will have to reduce its annual budget by more than £200m by 2017 due to the tough financial climate.

David Hodge, Leader of Surrey County Council, spoke to BBC Surrey about the reduction in grant allocation.

– Audio courtesy of BBC Surrey

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