The Cabinet of Enfield Council met on Wednesday, 25 February 2026, to discuss a range of financial and strategic matters. Key topics included the council's financial performance for the third quarter of 2025/26, the proposed budget for 2026/27 and the medium-term financial plan, alongside the capital strategy and programme for the next ten years. The meeting also covered updates on housing development, including the Meridian Water project and the award of contracts for the Joyce and Snells Estate Regeneration Scheme, as well as plans for children's home development.

Budget Report 2026/27 and Medium-Term Financial Plan 2026/27 to 2030/31

The Cabinet was scheduled to consider the General Fund revenue budget for 2026/27 and the five-year Medium-Term Financial Plan (MTFP) from 2026/27 to 2030/31. The report outlined the proposed Council Tax levels for 2026/27, including the Greater London Authority (GLA) precept, and presented the proposed General Fund Net Revenue Budget of £438.969m for 2026/27. The report also detailed proposed efficiencies and savings totalling £11.960m for 2026/27, and noted the estimated budget gap of £34.5m at the end of the MTFP period. The Dedicated Schools Grant (DSG) budget for 2026/27 was also presented for recommendation to Council.

2026/27 Capital Strategy and Ten-Year Capital Programme (2026/27 to 2035/36)

The Cabinet was set to review the Council's investment plans for the next ten years, detailing proposed spending on housing, schools, roads, and parks. The report outlined the estimated investment required, the sources of funding, including grants and borrowing, and aimed to ensure the capital programme remains affordable, prudent, and sustainable. Key areas of investment included highways, leisure facilities, vehicle replacement, corporate property, Meridian Water, Special Educational Needs (SEN) provision, and the Housing Revenue Account (HRA).

2026/27 HRA Budget Setting Report and Business Plan 2026/27

This report detailed the proposed Housing Revenue Account (HRA) 30-Year Business Plan, the HRA Revenue Budget for 2026/27, and the ten-year Capital Programme for investment in existing stock and new development. It included proposals for annual rent increases for Council tenants and service charges for tenants and leaseholders. The report also provided an update on the HRA's financial position, including borrowing requirements and the impact of economic factors such as inflation and interest rates.

Treasury Management Strategy Statement 2026/27

The Cabinet was scheduled to consider the Council's strategy for managing its borrowing, investments, and cash flow in 2026/27. This report explained how the Council plans to fund its capital expenditure safely, manage debt affordably, and protect public money through secure investments. It outlined the Council's borrowing requirement, forecast debt position, and compliance with prudential indicators.

Children's Home Development

A report was presented seeking approval for the development of a new children's home in Enfield for children and young people with complex needs. This initiative is intended to be funded by a Department for Education (DfE) grant and Council borrowing. The proposal aimed to establish specialist therapeutic provision within the borough, reduce reliance on out-of-borough placements, and improve outcomes for vulnerable children and young people.

Meridian Water Update

This report provided an update on the progress and benefits being delivered at Meridian Water, highlighting achievements such as the construction of a new rail station, residential developments, strategic infrastructure works, and social value outcomes. The report sought approval to test the market for opportunities to accelerate delivery by potentially adjusting the strategic direction and marketing larger land parcels for development.

Award of Joyce and Snells Contract for Phases 0-1 and Next Steps

The Cabinet was asked to approve the award of the main works contract for Phases 0–1 of the Joyce and Snells Estate Regeneration Scheme to Hill Partnerships. The report also sought approval to amend the phasing plan to bring forward Block B as Phase 2, accelerating affordable housing delivery and resident rehousing. Additionally, it requested approval for the use of Compulsory Purchase Order (CPO) powers as a last resort and the adoption of a draft Socio-economic Strategy for the scheme.

Housing Delivery & Placemaking Ten Year Plan 2026-36 and Affordable Housing Bid

This report presented the proposed Housing Delivery & Placemaking Ten Year Plan 2026–36, outlining the Council's strategy for delivering thousands of affordable homes over the next decade. It also sought approval to submit a bid to the GLA's new Social and Affordable Homes Programme (SAHP) to secure necessary funding. The plan detailed a mixed-economy approach to housing delivery, encompassing estate regeneration, major schemes, infill development, acquisitions, and rural placemaking.

The meeting also included reports on the 2025/26 Quarter 3 Revenue and Capital Monitoring, and the 2025/26 Quarter 3 Treasury Management Update.