Rossendale Council Announces New Budget with Major Investments
Rossendale Borough Council has set its budget for the years 2026 to 2028, marking a significant shift in local government financing. This move follows the government's Fair Funding Review, which has introduced a more equitable and streamlined system for funding allocations. For the first time in a decade, local authorities have received a multi-year settlement, enabling better long-term planning and strategic decision-making.
Key Investments in Community Support
One of the standout features of this budget is the increased focus on supporting residents facing financial hardship. The council is allocating £148,000 to expand anti-poverty initiatives through the Better Lives strategy. This approach aims to address the root causes of poverty, provide immediate relief to those in need, and foster collaboration between the council, public services, voluntary groups, and local businesses.
Additionally, £575,000 has been earmarked for homelessness prevention and support for vulnerable residents. This funding will enhance the Housing Options service, increase landlord enforcement capabilities in line with new national legislation, and add eight new council-owned temporary accommodation properties. These measures are designed to reduce costs and ensure that more local people receive timely assistance, helping them stay housed within the borough.
Driving Regeneration and Economic Growth
The budget also prioritises regeneration efforts across Rossendale, with investments aimed at revitalising markets and town centres. This is not merely a financial commitment but a strategic move to create vibrant, useful spaces that attract visitors and support local businesses. By backing growth consistently and purposefully, the council hopes to foster a stronger local economy with lasting impacts.
Environmental and neighbourhood improvements are another key area, with £1.1 million allocated to enhance parks, open spaces, and waste management. This includes strengthening the parks team, addressing risks from diseased trees, and developing a sustainable waste processing solution through the new Futures Park Waste Transfer Station. These initiatives are crucial for maintaining the borough's functionality and aesthetic appeal.
Funding and Council Tax Details
The budget is funded through a combination of government grants from the Fair Funding Review, capital grants, council tax, business rates, and the prudent use of reserves and borrowing. Rossendale Borough Council has increased its council tax by 2.99% this year, which is below inflation. This translates to an additional £9.50 per year for a Band D property, bringing the council's share to £327.16 annually.
Lancashire County Council has raised its council tax by 3.80%, equivalent to £65.00 on a Band D property, totalling £1,801.75 per year. The remaining portions of the council tax bill are distributed to police and fire authorities.
Looking Ahead
This capital programme, totalling £30 million, is about laying strong foundations for the future. It focuses on making sensible long-term decisions, preparing for upcoming local government reorganisation, and ensuring Rossendale is in the best possible position. The council emphasises practical actions over mere discussions, aiming to deliver tangible benefits for residents through improved support systems, enhanced community spaces, and sustainable growth initiatives.
