Over the five year Spending Review period (from 2015-16 to 2019-20) councils will have access to more than £200 billion to spend on local services. Coventry Council will receive over £1.2 billion of core spending power during this period.
In addition to the settlement funding local authorities estimate that in 2018-19 they will keep around £2.4 billion in business rates growth. Based on their 2018-19 forecasts, the Warwickshire Business Rates Pool would receive £31 million above baseline funding level under 50 per cent retention, Coventry would receive an additional £4.5 million as a 100 per cent pilot.
(Actual growth may differ from forecast growth. Forecasts are usually higher than outturn figures).