Category finance

County Council invests £70m in improving lives in Somerset

Somerset County Council is investing more than £70 million over the next three years in projects that will help improve residents’ everyday lives. The capital programme budget, approved by Full Council, brings spending on both large and smaller schemes, to £213m when investments announced for the current financial year are taken into account. The boost […]

£400k boost for vital Citizens Advice services

A group of Somerset charities which provide free, confidential, and impartial advice on everything from money and employment to housing and relationships have been awarded a grant of £400,000 by Somerset County Council. During the coronavirus pandemic, Citizens Advice services in Somerset have stepped up the services offered through their freephone Adviceline, with face-to-face appointments […]

More money for frontline services as council sets out spending plans

More money to support elderly and vulnerable people, more money for children in need, and more money to tackle the climate emergency have all been confirmed as Somerset County Council sets out its spending plan for the next financial year. The budget for 2021/22, which received cross-party support today at Full Council, also includes a […]

Expert export advice for Somerset businesses

Somerset’s Local Authorities are raising awareness of the new opportunities emerging for local companies to export goods and services. The South West is one of three areas chosen in the UK to benefit from the Export Growth Plan funding with a range of support provided ahead of the EU transition period as part of a […]

Council’s improved finances recognised with top ranking

Somerset County Council’s significantly improved finances have been recognised by independent auditors in their end of year report. The turnaround in just two years has seen the Council move from an “adverse” Value for Money (VfM) conclusion to “unqualified” in 2019/20 – going from a very challenging position to the top ranking. The findings from […]

New figures show Council’s finances in strong position

Positive financial results and a major boost to reserves have put Somerset County Council in a strong position to cope with the coronavirus crisis. In the last financial year, Somerset County Council increased its reserves to £76.2m across the board and delivered efficiencies and cost-cutting measures that enabled a £6.4m underspend. It comes as councils […]

County Council steps up to support Somerset in time of need

Somerset County Council is stepping up operations to support Somerset’s communities and keep people safe during the coronavirus emergency. The County Council will be increasing spending in several key areas in response to the pandemic. This includes expected spending of in excess of £10m for vital personal protective equipment (PPE) needed by carers, social workers […]

Budget plans set out thriving and ambitious future for Council

New schools, investment in roads, a boost to local jobs and a dramatically improved financial outlook on a year ago were outlined by Somerset county councillors today. As well as the investment in services, there was a repeated commitment to no further frontline job cuts at the Council’s Cabinet meeting. Monday’s (10 February), Cabinet agreed […]

Money

Somerset’s financial position strengthened

Somerset County Council today reported a substantially improved financial position in its end of year financial report. A combination of extra one-off funding, technical adjustments and savings mean the council has been able to increase its levels of general reserves by £4.2m to what is considered a prudent level for an authority this size – […]

Money

Sustainability a top priority as County Council agrees budget plans

Somerset County Council today approved a budget and financial plan that paves the way for medium-term financial sustainability. The plans see £780m spent on services in the county next year and a 2.99 percent increase in the County Council’s element of Council Tax. Along with a government approved additional one per cent increase ring-fenced for […]