{"id":45574,"date":"2023-03-28T15:54:13","date_gmt":"2023-03-28T15:54:13","guid":{"rendered":"https:\/\/sheffieldwire.co.uk\/?p=45574"},"modified":"2023-03-29T11:15:40","modified_gmt":"2023-03-29T11:15:40","slug":"sheffield-city-council-frantically-counting-their-pennies-after-losing-300m-in-grants","status":"publish","type":"post","link":"https:\/\/sheffieldwire.co.uk\/index.php\/2023\/03\/28\/sheffield-city-council-frantically-counting-their-pennies-after-losing-300m-in-grants\/","title":{"rendered":"Sheffield City Council frantically counting their pennies after losing \u00a3300m per year in grants"},"content":{"rendered":"\n

Sheffield City Council has lost \u00a3300m per year in annual grants since 2010, working out as a loss of \u00a313,000 per household, new figures have revealed.<\/p>\n\n\n\n

The drastic cuts mean many vital local services have been stripped to the bone.<\/p>\n\n\n\n

This comes after a unanimous decision<\/a> was reached at City Council\u2019s 2023\/24 budget meeting, despite an initial failure to approve proposed amendments. <\/p>\n\n\n\n

With council tax now up to the legal maximum level (without a referendum) of 4.99%, local governments are clutching for pennies, as they now have to make up for the lack of funding provided by the government. <\/p>\n\n\n\n

According to new research from Legal and General (L&G),<\/a> cost of living pressures is widening the inequalities that the levelling-up agenda is aiming to address.<\/p>\n\n\n\n

The research revealed the extent to which rising costs have battered household finances, particularly for the poorest in society.<\/p>\n\n\n\n

These figures show 47% of households in the UK are concerned about not being able to keep up with rent and mortgage payments.<\/p>\n\n\n\n

John Godfrey, Director of levelling-up at L&G, believes there is light at the end of the tunnel. He said: “Legal and General has already invested billions and is continuing to invest in towns and cities across the UK, including Sheffield.”<\/p>\n\n\n\n

Sheffield\u2019s Labour and Co-operative Councillor for Crookes and Crosspool, Minesh Parekh, 29, said local governments are now in an \u2018angering position\u2019. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

He said: \u201cWe have serious and great ambitions for our city and we want people to thrive. We know there are huge pockets of deprivation and huge pockets of poverty, and you can\u2019t tackle that without sustained long-term investment and autonomy of funding.<\/p>\n\n\n\n

\u201cIt feels like particular pockets are focused on and supported, particularly in the South East, so everyone else is left to scramble and do what they can do for themselves, which is not a way to run a country.\u201d <\/p>\n\n\n\n

These announcements come days after the government said it would hand out more than \u00a3800m in further levelling up and regeneration funding as part of the budget.<\/p>\n","protected":false},"excerpt":{"rendered":"

Sheffield City Council has lost \u00a3300m in annual grants since 2010, working out as a loss of \u00a313,000 per household, new figures have revealed.<\/p>\n","protected":false},"author":97,"featured_media":45814,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[6],"tags":[853,146,80,432,9,58,338],"class_list":["post-45574","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-cost-of-living-crisis","tag-council","tag-government","tag-local-government","tag-sheffield","tag-sheffield-city-council","tag-south-yorkshire"],"yoast_head":"\nSheffield City Council frantically counting their pennies after losing \u00a3300m per year in grants - Sheffield Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sheffieldwire.co.uk\/index.php\/2023\/03\/28\/sheffield-city-council-frantically-counting-their-pennies-after-losing-300m-in-grants\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sheffield City Council frantically counting their pennies after losing \u00a3300m per year in grants - 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