A new Government funding package to help councils address coronavirus pressures and cover lost income during the Covid-19 pandemic has been welcomed by Island MP Bob Seely.
The package – which includes a £500 million funding pot – is designed to help offset financial pressures faced by councils as a result of emergency spending through the pandemic.
The Government said the money had not been ringfenced - meaning councils would be allowed to decide how the money was spent.
In addition, the Government said it would help to reimburse lost income during the pandemic and boost cash flow by covering 75p in every pound lost in income (where losses are more than 5% of a council’s planned income from sales, fees and charges).
Councils would also be able to spread their tax deficits over three years rather than the usual one.
Local Government Secretary, Robert Jenrick, said:
“Councils are playing a huge part in supporting their communities during this pandemic. From supporting the most vulnerable and keeping vital services running to operating local track and trace, council workers have been at the forefront of this great national effort and are the unsung heroes of this pandemic.”
The Government said any council that is faced with an unmanageable pressure or is concerned about their future financial position beyond the support provided, should contact the Ministry of Housing, Communities, and Local Government.
Last month the Island’s MP and IW Council Leader Cllr Stewart wrote to Local Government Minister, Simon Clarke, to seek further Government support for the Isle of Wight.
Bob said:
“I welcome this package of support coming from the Government. Our council is already under extreme financial pressure so this support will help them to catch their breath.
“I will be talking to the council about my thoughts on this. I would like to see the council not only investing the money in keeping people safe and supported but also looking at ways they can help businesses who are struggling and invest in opportunities that can help to safeguard jobs.
“I want to ensure ministers understand our position here before the next Spending Review, which will determine the level of support councils need moving forward.
“I am working with the IW Council to push ministers for more support here. I have another meeting with Simon Clarke next week and I will continue to ensure our voices are heard.”
Further details on the allocations of the funding will be reportedly be made in due course.
Red Squirrel Property Shop Ventures Into Dubai Property Market
New 2024/5 Annual Waste And Recycling Guide Out Soon
Platform One Announces Winner Of 2024 Wight Noize Competition
Royal Duke To Visit As Newport Minster Reopens
Isle Of Wight Council To Support 'No Mow May' 2024
English Coastal Path Complication Amid Osborne House Queen Victoria Collection Fears
Seaview Pub Picks Up National Award
Isle Of Wight Radio Child Of Wight Awards 2024 Nominations Now Open
Fire Service Issues Water Safety And Mud Rescue Advice For Isle Of Wight
New Online Cancer Support For Local Residents
Specialist Monitoring Equipment Now Installed At Leeson Road
West Wight Runner Jackie Follows PB Marathon Run With Eastenders Appearance
West Wight Pub Can Now Be Listed As 'Asset Of Community Value'
Royal Navy 'Bomb Squad' Called To Seaview Following Ordnance Alert
Automated Gates Arrive On Wightlink’s FastCat Foot Passenger Route
Help Keep Isle Of Wight Streets Neat – Bring Your Bin In
Two Passengers Injured Following Bus Crash In Ryde
Late Night Reports Of Collision Spark Extensive Land, Sea And Air Search
Islanders Taking On London Marathon Today For Local Charities
Four Men Arrested Following Rogue Trader Activities In East Cowes
