A Budget For Sustainable Investment and Growth: Broxtowe Borough Council Sets Its Budget

A Budget For Sustainable Investment and Growth: Broxtowe Borough Council Sets Its Budget

05/03/20 - Broxtowe Borough Council has set its budget for 2020/21 with an ambitious and exciting capital programme which will see investment in the Borough’s town centres, housing, parks and open spaces, as well as community initiatives.

“We’re very proud of this ambitious and exciting budget,” said Leader of the Council, Councillor Milan Radulovic MBE.

“There’s no doubt we live in challenging times financially. There is a £1.1million budget gap and we no longer receive a revenue support grant from government to help fund our services, but the investments we’ll be making now will help us prepare for significant developments coming to Broxtowe like the new cinema development, HS2 and the Stapleford Town Deal by supporting our town centres and local businesses to grow. In order to help tackle the shortage of affordable housing, we are investing in a significant new housebuilding programme”

“Whilst there is a small increase to Council Tax, rents and parking charges to help us to invest in our services and meet the needs of local people, these have been kept to as low as possible.”

Deputy Leader of the Council, Councillor Steve Carr added: “It’s an exciting time for Broxtowe and investing now will put us in good stead for the future. As well as investing, we’ll continue to review our processes and refresh our business strategy to ensure that we are spending tax payer money wisely and seek external funding streams wherever possible.”

Highlights from the budget include:

  • £15,000 for additional start-up grants for small businesses.
  • £243,000 for garage refurbishments.
  • £2million investment in building new homes, as well as homes which enable people to live well, such as those affected by dementia and veterans.
  • £42,000 on play area improvements plus additional funding for schemes at Dovecote Lane Recreation Ground, Beeston and Swiney Way Open Space in Toton.
  • £30,000 to develop mental health initiatives, including continued support for the Mental Health Hub in Eastwood which is run in partnership with Citizens Advice Broxtowe and Nottinghamshire MIND.
  • 2.7% increase in housing rent and garage rent so that more money can be invested back into housing stock.
  • Small increase in Broxtowe’s element of Council Tax. This would see a £5 annual increase per Band D property taking it from £161.85 in 2019/20 to £166.85 in 2020/21.
  • Support to Town and Parish Councils activities to mark VE Day in May
  • Funding for an additional Events Officer to help deliver a programme of one hundred events across the Borough in 2020.
  • Funding to help support the Green Futures campaign to tackle climate change and reduce our carbon emissions to net zero by 2027 including an additional Recycling Officer post, £11,000 for additional tree planting and £15,000 for additional meadow planting.
  • Continued support for people with disabilities through the Disabled Facilities Grant scheme
  • No compulsory redundancies or cuts to front-line services

For more information and to read the full budget papers, visit www.broxtowe.gov.uk/budget

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