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Efficiency Strategy

The City of Wolverhampton Council's Efficiency Strategy - our budget and medium term financial strategy (MTFS) and supporting documentation - is published below.

Our strategic approach focuses on building a Stronger Economy, Stronger Communities and a Confident Capable Council which links to our Corporate Plan. There are some key projects that are taking place within the Council which are aligned to our strategic focus including: the Digital Transformation Programme, the Customer Services Transformation Programme, the Children's Services Transformation Programme, demand management, income generation and commercialisation.

Since the 2010 Comprehensive Spending Review which announced major cuts in Government grant for local government the Council has been developing this strategic approach whilst making the required cutbacks of £175 million in order to balance the books. The Government's Summer Budget announcement in 2015 then indicated that there would be additional cost pressures, including the introduction of the National Living Wage, and likely further cuts to grant that the authority would face.

Following this in December 2015, the Secretary of State announced the provisional Local Government Finance Settlement for 2016/17, which provided details of the core government grants including Revenue Support Grant, Top Up Grant on business rates and New Homes Bonus. Indicative core government grant allocations for 2017/18 to 2019/20, to cover the Parliamentary period, were also published. In order to secure the government grant allocations for 2017/18 to 2019/20, councils are required to publish an Efficiency Strategy.

Detailed budget development for 2016/17, including the formal budget consultation and scrutiny stages of the budget process resulted in Full Council approving the City of Wolverhampton Council's budget for 2016/17 which was balanced without the use of reserves. In addition to this, Full Council approved the Council's MTFS up to 2019/20; additional cost pressures and further grant cuts in 2019/20 has resulted in a cumulative budget challenge totalling £54.6 million for the period 2017/18 to 2019/20.

Significant progress has already been made towards the 2017/18 budget challenge of £22.2 million; most of this has been identified. The focus is now on identifying the remaining budget cuts for 2018/19 and 2019/20; an update on progress will be included in the 2017/18 budget setting report, which will be reported to Full Council in March 2017.

An updated and integrated Financial and Efficiency Plan will be reported to Cabinet and Council in October and November, 2016 respectively.