News

Healthy financial position for Thurrock Council

5 June 2019
Strong financial planning, an innovative approach to commercial opportunities and an impressive investment portfolio mean that Thurrock Council has a balanced budget until 2023.
The financial out-turn report, which will be presented to Cabinet next week, also highlights that 2018/19 was the first of five years of self-sufficiency and reports that the council’s reserves have increased by more than £13.5m.

Council Leader hits out at incorrect BBC local authority finance article

29 May 2019
Cllr Rob Gledhill, Leader of Thurrock Council, has hit out at spurious claims made in a BBC report that Thurrock Council is one of 11 UK authorities in danger of depleting their reserves.
Cllr Gledhill said: "This report appears to be based on incorrect assumptions and faulty maths. The idea that Thurrock Council could be in danger of running out of reserves is ludicrous. Thanks to our long-term economic plan and investment strategy we are in one of the strongest financial positions of any unitary authority in the UK.

Balanced budget will allow more to be spent on vital services

26 July 2018
Millions of extra pounds will be available to spend on crucial services and initiatives after Thurrock Council balanced its budget for the next 4 years.
The achievement was highlighted by Cllr Shane Hebb, Deputy Leader of Thurrock Council and portfolio holder for finance, when he provided his annual report at the full council meeting last night (25 July).
Through a combination of self-sufficiency and an investment approach, the council has been able to balance the books as well as generate a surplus over the 4-year period.

£2.3 million for borough improvements announced

15 January 2018
Thurrock Council's Portfolio Holder for Finance announced the council has surplus of £2.3million – the result of exceptional commercial investments bringing in additional income during 2017/18.

Council announces balanced books for not just one year, but two

2 January 2018
Thurrock Council's ambition of eliminating its reliance on national funding grants is on track, councillors have heard. For the first time in many years, Thurrock Council is on track to not only deliver a balanced budget for next year but to have already identified a balanced budget for the following year.
Furthermore it is anticipated that both this year and next will see extra funding available to fund one-off investments on council priorities – again, a first for the borough in many years.

Plans for a financially self-sufficient and resilient Thurrock laid out

29 September 2017
At this week's meeting of Full Council (Wednesday 27 September), Cllr Shane Hebb presented his annual report as Cabinet Member for Finance and Legal, where he outlined the forward plan to achieve financial self-sufficiency from most government grant contributions by 2020 – the '£20m by 2020' plan.
Cllr Hebb said: "In our first year as an administration, this council has met the test:

Council finance: "we are on the right path"

19 September 2017
Council spending for the first three months of 2017/18 was presented at last week's Cabinet meeting (Wednesday 13 September).
As part of the quarterly review, the Portfolio Holder for Finance, Cllr Shane Hebb, also gave details of the council's plans for delivering a balanced budget and the wider aspirations of self-sufficiency.

Council's finances set out

18 July 2017
Members of Cabinet heard on Wednesday night (12 July) how the council had successfully delivered savings of £100m since 2010 whilst limiting the impact on its services to residents.
Presenting the 2016/17 financial outturn report, Portfolio Holder for Finance, Cllr Shane Hebb explained after the meeting: "Thurrock has lived within its means and prospered along the way.
"We exceeded a good number of expectations, we decided to spend more in our clean and green services, and Thurrock has never looked so good – although there is much, much more to do.