Nottingham City Council’s Corporate Scrutiny Committee met yesterday (26 March) to review progress on the Council’s multi-year Improvement Plan.
The Council reported that most of its eleven key programs are currently on-track. This positive news comes alongside its recent approval of the five-year Council Plan and confirmation of the Council’s current financial stability.
While making strides forward, it has been highlighted that the Council needs to keep working on two specific areas: ensuring ongoing financial sustainability (Programme 4) and strengthening financial management (Programme 5).
The Council claims to have already taken “strong steps” to address these through its finance improvement plan, for example now having healthy reserve funds, an improving financial performance, and its 2024/25 general fund spending anticipated to be very close to its budget.
Looking ahead, the Council has significantly reduced its budget gap for 2025/26 to approximately £20.79 million – an improvement from the £41 million gap faced in 2024/25, and this gap is expected to shrink further.
The Council added: “With our finances now stable, we’re focusing on achieving full financial sustainability. This will involve successfully implementing our planned transformation program, with a key goal of having a completely balanced budget by 2027/28.”
