Issue - meetings

Due to the unprecedented impact of COVID-19, the MTFP Update Review sets out the financial challenges facing the Council over the medium term period. This will mean there will be difficult choices to make against our budget that could have significant challenges for our communities. As part of this our COVID-19 strategy of response will include our transformation programme, our MTFP Strategy, local taxation and the use of earmarked reserves. We continue to be committed to the transformation ambitions we have set out previously, this will involve bold and ambitious change – building on the inspiring collaboration we have seen across our communities and across sectors. For us to do this though we need to respond to the immediate financial challenge facing the Council and the need to ensure the Council’s 2021/22 Budget and MTFP remain robust and resilient.

We will work closely with our partners and other stakeholders including our communities to understand the impact that any service changes may have.

Cabinet is recommended to:

1)        Note the approach and endorse the proposed developments and next steps including agreeing to share with scrutiny for comment further detail on our MTFP programme;

2)        Support the ongoing development of our emerging Council narrative and transformation programme.

Officer contact: Holly Rae/ Jonathan Davies on 0161 474 3014 / 0161 218 1025 or email: holly.rae@stockport.gov.uk/ jonathan.davies@stockport.gov.uk

The Cabinet Member for Resources, Commissioning & Governance (Councilllor Tom McGee) submitted a report (copies of which had been circulated) inviting the Cabinet to consider proposals for its response to the opportunities, challenges and uncertainty outlined within the review of the Medium Term Financial Plan.

RESOLVED – That in relation to the Cabinet response to the Medium Term Financial Plan, the Cabinet has:-

·         noted the approach and endorsed the proposed developments and next steps detailed in the report including agreeing to share with scrutiny for comment further detail on the MTFP programme; and

·         supported the ongoing development of the emerging Council narrative and transformation programme.