The government has announced its local government funding settlement, following the Fair Funding Review of how council funding is distributed. The settlement introduces an updated funding formula intended to better reflect councils’ relative needs, costs and service pressures.
The settlement marks a welcome shift away from short-term funding arrangements and provides councils with greater stability through a multi-year framework. It also restores a stronger emphasis on deprivation and need, which is particularly important for councils like Brent that face sustained financial pressures across social care, housing and homelessness services.
Against this backdrop, the settlement includes a welcome 9.9% increase in core funding for Brent next year, one of the highest increases in London.