Council announces a ‘Budget for a better borough’
Published on Wednesday, 9th February 2022
The Borough Council ruling Cabinet has announced its spending plans for the financial year 2022/23 intended to give the area a boost.
Including funding a Tuesday and Friday market in Bedworth, reduced market rents, reduced cost car parking to help restore vibrant town centres after the pandemic, to helping create jobs for young people and improving parks, ruling cabinet members believe they are offering a measured spending plan that offers financial control and focused investment.
The budget proposals also include £270,000 investment in extended refuse collections as the borough continues to grow, provision for Borough celebrations for the Queen’s Platinum Jubilee, and £200,000 investment in the council’s regeneration team to support multi-million pound regeneration proposals for both Nuneaton and Bedworth town centres.
The council’s capital programme also includes £61.6 million investment in key projects around the borough, including in parks and town centres, as well as a further £23 million capital spending on housing across the borough.
All of this is achieved with a Council Tax increase below 2%, and housing rents increase of 4.1%, in line with the general dwellings rent increase.
The revenue budget is set at £13.2 million, confirmed at the ruling Cabinet on Wednesday, 9 February and approved at the Full Council meeting on Monday, 14 February.
Portfolio holder for finance and corporate services Cllr Sam Croft, said:
“This is a budget designed to achieve our vision for Nuneaton and Bedworth in the 2020s. It puts the council’s finances back in the black for the long term, while investing in our people, reforming our council, and taking bold moves to deliver the regeneration of our parks and town centres.”
Council leader Cllr Kristofer Wilson said:
“We are focused on balancing the books and investing in our Borough’s future. From reviving our local economy, ensuring regeneration of the Borough continues at pace, restoring civic pride in this year of royal celebration to investing to prevent homelessness, this is a budget for a better borough.”
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