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You are at :Home»Business»Cabinet considers budget for 2025/26
Business Local News 2 Mins ReadFebruary 14, 2025No Comments7 Views

Cabinet considers budget for 2025/26

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This is a balanced budget for 2025/26, subject to the outcome of the final local government settlement. It includes proposals for spending, efficiencies and council tax.

“ The Government must address funding for local authorities to enable councils to meet rising demand, particularly in social care.

Walsall Council has a track record of strong financial management, but it is not sustainable for us to keep raising council tax and using our reserves to balance the budget. This is a national crisis that this council can’t solve on its own. What is needed is a fair, multi-year government settlement in future years, which provides ongoing funding for adults and children’s social care in particular.

Every council has a statutory responsibility to set a balanced budget, and we strive for sustained financial stability and to offer excellent value for money for all our residents and businesses. “

Deputy Council Leader and Portfolio Holder for Finance, Councillor Mark Statham
Walsall Council
The council is proposing a 2.99% general council tax increase and a further 2% precept for adult social care (a total council tax increase of 4.99%). It means that in 2025/26, this increase equates to a council tax increase of 28p a day for a Band D property.
Walsall Council spends two thirds of its gross expenditure budget (£563 million) every year on children’s services and adult social care and demand is growing.
This budget includes investments of:
£25.21m in adult social care to protect elderly citizens and vulnerable adults to fund additional demand and manage the cost of placements whilst continuing to make progress on the council’s demand management initiatives.
£13.95m in Children’s Services and Education including £3.55m in home to school transport and £4.50 to support children in care.
Up to £5.88m in waste management and recycling to deliver the council’s commitment to a clean and green future for communities.
Outlined in the budget is the draft capital programme and significant capital investment of around £214 million is planned for the borough over the four years to 2028-29.
This budget sets out savings and efficiencies. Since 2010, Walsall Council has delivered cumulative savings of £285 million, which is equivalent to 33% of the council’s annual gross expenditure. In 2025/26, the council expects to deliver £29.0m of budget reductions, increasing to £73.9m by 2029. These will be delivered through better procurement, improvements in efficiencies, increased income and delivering reductions in demand. 
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The visit provided an opportunity to showcase the impact of the Launchpad a dynamic digital skills and incubation hub created as part of the £21.3 million Bloxwich Town Deal investment and to hear from users, partners and local leaders about how the facility is helping to shape economic and community opportunity in Bloxwich and across the borough. Since opening its doors, over 1,100 visits in just 16 weeks, supporting 400+ residents with ongoing help. Our business space also supports 37 local entrepreneurs who use the hub as their regular base, with a further 99 entrepreneurs having received business support. The Launchpad offers residents free access to digital resources, training sessions, flexible working space and collaboration areas designed to foster innovation, learning and business growth. “ It’s been inspiring to see the West Midlands Mayor engage with the success of Bloxwich launchpad. Since opening in September, the centre has become a real community asset, welcoming hundreds of people through its doors and providing vital support to help them build skills and grow their ideas. This visit underlines our commitment to investing in facilities that deliver real outcomes for local people and businesses right here in Bloxwich. “ Councillor Adrian Andrew, Deputy Leader Walsall Council The Mayor of the West Midlands praised the Launchpad’s achievements to date, highlighting its role in supporting inclusive growth, digital inclusion and local enterprise. “ It’s been great to see first-hand the real difference this hub is making. Speaking with users, entrepreneurs and business owners who are supported by the launchpad gives me a great sense of pride in the work being done here. Places like Launchpad are vital for helping people gain skills, start and grow businesses, and drive opportunity right across our region. “ Richard Parker, Mayor of the West Midlands Bloxwich Launchpad sits at the heart of Walsall’s broader regeneration programme, which saw major improvements delivered across the borough in 2025 from community facilities to parks and enterprise spaces all designed to create opportunity, support learning and enhance wellbeing for residents. Bloxwich Launchpad is located on Market Place in Bloxwich Town Centre and is open to the public Monday – Friday between 9am and 5pm. Find out more or view upcoming courses and sessions on the Launchpad website.

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