The Secretary of State for Levelling Up, Housing and Communities, Michael Gove MP has published the government’s outline and funding proposal for the 2024/2025 Local Government Finance Settlement for England.
The funding package totals £64 billion, an increase of almost £4 billion more funding available for councils in England for 2024-25, an increase of 6.5% on 2023-24. Furthermore, an additional £1 billion in grant funding has been made available for adult social care.
There will also be:
- The most relatively deprived areas of England will receive 18% more per dwelling in available resource through this settlement than the least deprived areas.
- An extension to the Funding Guarantee to ensure every council sees at least a 3% increase in Core Spending Power before any council tax decisions locally.
Additionally, the Department for Levelling Up, Housing and Communities has also launched a consultation where they are seeking the views on the proposals for the settlement for 2024-2025. The closing date is Monday 15 January 2024, responses should be submitted here.
