Medium Term Financial Planning (2027/28 to 2030/31)
July 13, 2026 Cabinet (Cabinet collective) Key decision Approved 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 Member for Economic Development & Planning approved the Knightsbridge Partnership Occupier BID Renewal and Alteration Proposal 2026-2031 on 6 May 2026. The decision included requesting the Chief Executive to hold a ballot for the BID and approving the entry into necessary legal agreements for BID Levy collection. The proposal aims to strengthen the trading environment, elevate the public realm, and improve the visitor, worker, and resident experience in Knightsbridge.
The Executive Director – Environment & Communities, in consultation with the Executive Director of Finance & Resources, decided on 23 June 2026 to rely on the mandatory Parent Company Guarantee for the Highways and Public Realm Contract and not to require a Performance Bond. This decision was made following consultation with Finance and Legal Services.
The Cabinet Member for Adult Social Care, Public Health and Voluntary Sector approved the procurement strategy on 1 March 2025, delegating authority to the Bi-borough Executive Director of Adults Social Care and Health to directly award the contract to Chelsea and Westminster Hospital NHS Hospital Foundation Trust. The Executive Director of Adults Social Care and Public Health was recommended to approve the award of a contract for GUM and sexual health services on 30 July 2025. This decision supports the continuation of local Genitourinary Medicine (GUM services) on conclusion of the checks and processes required by the Provider Selection Regime (PSR) legislation.
The Cabinet decided on 1 October 2026 to approve the progression from feasibility design to public consultation and Stage 2 and 3 design using allocated capital budget for Sustainable Drainage Systems (SuDS).
Full council record
Purpose
Cabinet will consider the budget process approach as set out in the report and note the revised medium term financial planning forecast to 2029/30.
Decision
Cabinet approved the following recommendations:
· Note the revised medium term financial planning forecast to 2030/31.
· Approve the budget process approach as set out in the report including the proposal for budget engagement with residents and stakeholders
Reasons for Decision:
The preparation of the budget and the medium-term financial plan is the first stage of the annual business planning cycle for the forthcoming financial year 2027/28. There is a statutory requirement to set an annual balanced budget and submit budget returns to the Ministry of Housing, Communities and Local Government (MHCLG).
Related Meeting
Cabinet - Monday 13th July, 2026 6.30 pm on July 13, 2026
Supporting Documents
Details
| Reference | Call-ins0 |
| Outcome | Recommendations Approved |
| Decision date | 13 Jul 2026 |
| Effective from | 21 Jul 2026 |
| Subject to call-in | Yes |