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Summary
The Council of Greenwich Council on 21 October 2026 approved recommendations regarding the Medium Term Financial Strategy 2027/28+. The council noted a forecasted £30.9m General Fund structural resourcing gap in 2027/28, increasing to £118.9m by 2030/31. It was also noted that forecasted use of £18.0m in one-off General Fund resources in 2027/28 will reduce the in-year budget gap to £12.9m.
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.
Related Meeting
Council - Wednesday, 21st October, 2026 7.00 pm on October 21, 2026
Supporting Documents
Details
| Outcome | Recommendations Approved |
| Decision date | 21 Oct 2026 |