Medium Term Financial Strategy 2027-28+ update
October 21, 2026 Cabinet, Council (Other) Key decision Awaiting outcome View on council websiteThis summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.
Summary
The Cabinet and Council of Greenwich noted a forecasted £30.9m General Fund structural resourcing gap in 2027/28, increasing to £118.9m by 2030/31. They noted that using £18.0m of one-off resources would reduce the in-year budget gap to £12.9m. The Cabinet recommended full Council approve the mid-year MTFS.
Full council record
Decision
Noted a forecasted £30.9m General Fund structural resourcing gap in 2027/28, increasing to £118.9m by 2030/31 (Section 7 of the report).
Noted forecasted use of General Fund one-off resources of £18.0m in 2027/28 will reduce the in-year budget gap to £12.9m.
Noted the updated forecast position for the HRA (Section 8 of the report)
Noted the potentially significant financial risks and opportunities to the MTFS going forward.
Noted that the MTFS is a continuous process and will be updated on a regular basis.
Recommended full Council to approve the mid-year MTFS (GF & HRA).
Related Meeting
Cabinet - Wednesday, 21st October, 2026 2.00 pm on October 21, 2026
Supporting Documents
Details
| Outcome | For Determination |
| Decision date | 21 Oct 2026 |
| Expected date | 21 Oct 2026 |
| Originally due | 23 Sep 2026 |
| Lead officer | Abdulrazak Kassim |