Mendip District Council announces £57 million COVID spend : But warns there will be a financial shortfall

By Susie Watkins

7th Sep 2020 | Local News

Fusion Medical file photo on Unsplash
Fusion Medical file photo on Unsplash

Mendip District Council's COVID-spend topped £57 million - providing a lifeline to residents and local businesses during the crisis.

Thousands of Government grants have been processed since lockdown helping the vulnerable, and the high streets, to survive the economic shock.

The money has been used to provide business grants, ensure business rates relief to nurseries and retail, to support working age Council Tax payers in receipt of Council Tax Support and for general additional costs incurred by the Council relating to COVID-19.

Central Government gave District Councils the responsibility of delivering the bulk of the finance packages to communities. They recognised local authorities were best placed to encourage residents and businesses to access the help available.

But funding received by Government does not cover all Mendip's costs. Despite prudent financial management, an all-but balanced budget last year, and some sound commercial investments, the Council faces a funding shortfall of between £2 million and £3.5 million in 2020/21, due to COVID. It's healthy £12.7 million reserves will help cushion the costs, however.

Cllr Barry O'Leary, Portfolio Holder for Enterprise and Finance, said: "We've comfortable reserves, but will always be prudent, and we will always plan for the future. So we're bracing ourselves for losses in service income, council tax and business rates. The impact on future budgets, and the financial implications for Mendip, will no doubt be felt for a number of years.

"However we are rightly-proud of our response to the crisis. We have been there for our Mendip communities and our local business owners, and we will continue to support them as we all recover, and we all work to build back better, post-pandemic."

You can read Mendip's funding report by clicking HERE: the Mendip site

     

New frome Jobs Section Launched!!
Vacancies updated hourly!!
Click here: frome jobs

Share:

Related Articles

DJ Charlie ‘CHAS23’ Chamberlain proudly shows off his 376 tattoo, celebrating his love for Glastonbury’s iconic bus route. (SWNS)
Local News

DJ tattoo of Somerset bus as group takes music on board

The Moore Scarrott team celebrates the opening of their new Bath office, set to support businesses across Somerset and beyond.
Advertisement Features

Moore Scarrott Group opens new office in Bath

Sign-Up for our FREE Newsletter

We want to provide frome with more and more clickbait-free local news.
To do that, we need a loyal newsletter following.
Help us survive and sign up to our FREE weekly newsletter.

Already subscribed? Thank you. Just press X or click here.
We won't pass your details on to anyone else.
By clicking the Subscribe button you agree to our Privacy Policy.