PARLIAMENTARY WRITTEN QUESTION
(12 November 2024)
Question Asked
Asked by:
Edward Morello (Liberal Democrat)
Answer
After years of delaying much needed fair funding reform, we will update and improve the approach to funding allocations within the Local Government Finance Settlement by redistributing funding to ensure that it reflects an up-to-date assessment of need and local resources.
This will start with a deprivation-based approach in 2025-26 with additional funding targeted to the places that need it most. Broader redistribution of funding will follow through a multi-year settlement from 2026-27.
We will be publishing a policy statement in late November, where we will set out our intentions for reform of the local government finance system.
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