Frome
Nub News Logo
Nub News

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

Local News by Susie Watkins 7th Sep 2020  
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.

advertisement
"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

     

CHECK OUT OUR Jobs Section HERE!
frome vacancies updated hourly!
Click here to see more: frome jobs

Share:


64% OFF

BBQs, birthdays, or just bubbly in the sun - 10-Seater rattan garden furniture set from Fimous
£2249 £809.64

34% OFF

 Save  up to  63%  222 Bought PRICE DROP! Wingline Divan Bed & Mattress - 8 Colours - 2 or 4 Drawers Option View variant  Save  up to  34%  66 Bought Falcon Velvet Scatterback Sofa Range – Armchair, 2-Seater, 3-Seater & 3+2 Set | Plush Velvet Sofas for Modern Living Rooms View Selling fast! gemini_outpaint_variant_43944525  Save  69%  313 Bought PRICE DROP! Luxury Rio Divan Bed: Premium Memory Sprung Foam Mattress & Optional Storage Drawers - 6 Sizes & 10 Colours View Selling fast! variant  Save  75%  5404 Bought Crushed Velvet Divan Bed & Memory Sprung Mattress - 7 Colour Options View Selling fast! variant  Save  68%  549 Bought PRICE DROP! Plush Velvet Pure Wingback Upholstered Bed with Memory Foam Sprung Mattress View DMD Collective 20-Bar Espresso Coffee Machine with Digital Display and Milk Frother
Pull an espresso and a smile-it's café quality right at home! 20-Bar Espresso Coffee Maker with Frother
£89.99 £58.74

30% OFF

Apple AirPods 2nd Gen with Lightning Charging Case and 1m Cable
Hear the difference-wireless freedom is music to your ears! Apple Earbuds 2nd Gen - Charging Case and 1m Cable
£199.95 £139.3

Sign-up for our FREE newsletter...

We want to provide frome with more and more clickbait-free news.