Telford & Wrekin Council maintains robust financial management despite pandemic pressures
Telford & Wrekin Council’s long track record of sound financial management has continued throughout the 2020/21 financial year, despite significant and unprecedented pressures due to the Coronavirus pandemic.
A report to the council’s cabinet (10 June) will hear that once again the authority has ended the year within budget, demonstrating ongoing financial resilience in the most challenging of circumstances.
This strong position means cabinet will be asked to approve a number of one off investments into key areas to help create a better borough for its residents and businesses.
The overall proposals will go towards key council priorities that aim to make Telford and Wrekin a greener, cleaner and safer borough.
•£1.6m – three year funding for 12 Community Action Teams (CATS)
•£1.2m – COVID recovery and regeneration activities
•£1m – new Pride in Your Parks programme
•£1m – cultural, tourism, public event initiatives and activities
•£510k – continued support to tackle youth unemployment
•£300k – over three years to protect and maintain public rights of way
Councillor Shaun Davies, leader of Telford & Wrekin Council said: “It’s a cliché to say that the past year has been tough. It’s been incredibly difficult for so many people. I’m proud this council has stepped up to the mark in many different ways providing our usual services, subject to national restrictions, as well as providing significant additional support to our residents and businesses.
“Despite the pandemic and extra pressures we have continued our track record of managing our budgets well and showing financial competency right across the board.
“It’s because of this strong and responsible approach we can make substantial investments into our parks and open spaces and public rights of way, offer support to the young unemployed, grow our excellent event and culture programmes and start to look ahead to our post COVID recovery programme.”
Councillor Rae Evans, cabinet member for finance, added: “The fact that the council has managed to balance its books for last year was no accident. It took a great deal of work by cabinet members and officers from across the council to actively manage already tight budgets but enabled us to ensure our resources were focused on key priority areas and to respond to the pressures faced by our community as a result of the pandemic.”