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 includes requesting the Chief Executive to hold a ballot for the BID and approving the City Council entering 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 for Environment & Communities, following consultation with the Executive Director of Finance & Resources, decided on 23 June 2026 to rely on the mandatory Parent Company Guarantee and not require a Performance Bond for the Highways and Public Realm Contract. This decision was made after considering alternative options and assessing remaining risks.
The Bi-borough Executive Director of Adult Social Care and Health approved the award of a contract for Genitourinary Medicine (GUM) and sexual health services to Chelsea and Westminster Hospital NHS Hospital Foundation Trust on 30 July 2025. This decision supports the continuation of local GUM services and includes a one-off payment for a Saturday clinic.
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, 13 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 |