Local Government Finance: Coventry

Ministry of Housing, Communities and Local Government written question – answered on 4th September 2018.

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Photo of Jim Cunningham Jim Cunningham Labour, Coventry South

To ask the Secretary of State for Housing, Communities and Local Government, what assessment he has made of the adequacy of Government funding for local authorities including Coventry City Council.

Photo of Rishi Sunak Rishi Sunak Parliamentary Under-Secretary (Housing, Communities and Local Government)

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).

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