Stockport Labour Group

Labour Budget a Catalyst for Recovery

Last night the Labour-led Stockport Council agreed a budget of renewal, stability and recovery, which will see frontline services protected and contain the third smallest increase to Council Tax in the North West.

This budget will help Stockport Build Back Better, delivering essential services for communities, especially the vulnerable, addressing inequalities and building upon Stockport’s vision to tackle climate change.

The budget included over £2m in one-off monies;

And an additional amount was amended into the budget to include:

The Council also agreed its largest capital spending programme in its history.

The £160m capital programme will oversee regeneration, particularly in the Town Centre and Mayoral Development Corporation, providing funding for Stockport Interchange, Stockport Exchange Phase 4 and Weir Mill and as well as further investment in Redrock, Merseyway and Underbanks.

District and local centres will benefit from a £2m economic recovery fund to support local businesses, encouraging social value and making sure residents feel like they have an active stake in the local economy.

Another £10m has been allocated for affordable homes over the next 5 years to build upon the 1300 affordable homes already delivered or being delivered under this Labour administration.

£4.9m has been set aside for play areas, formal sports provision and maintenance and over £5m for walking and cycling schemes to help residents live happy healthy lifestyles.

£1m will be used for Solar PV scheme to help residents buy solar panels and increase Solar PV and Solar Car ports across the borough.

Cllr Elise Wilson, Leader of the Council, said;

“I am really pleased, despite covid pandemic and the massive financial pressures, to secure a budget that will be the catalyst for our recovery over the coming years.

“We have focused on not only protecting frontline services, but putting money into essential mental health, addiction and youth services as well as tackling digital exclusion.

“And we are supporting our communities by topping up the Stockport Local Fund, spending even more money on play areas, sports provision and climate change projects.

“We have also maintained our ambitious investment in the Borough through the Capital programme.

“We will continue the regeneration of our town centre and market place, deliver more walking and cycling infrastructure and build more affordable homes.

“We are supporting our people as we recover from covid and looking to the future as we carry on delivering on our bold ambition for Stockport.”

ENDS.