News

Council eyes further financial success after four year balanced budget

26 July 2019
Thurrock Council has outlined ambitious plans to build on its financial successes after achieving a balanced budget until 2023.
Through strong financial planning, an innovative approach to commercial opportunities and an impressive investment portfolio, the council has balanced the books for another four years, as well as generating a multi-million pound surplus.
Cllr Shane Hebb, Deputy Leader and Cabinet member for finance and transformation, recognised the achievements in his annual report to Full Council today (Wednesday 24 July).

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.