Camden's financial challenge

Camden's financial challenge

We’re proud to provide local public services that support our communities, but along with public services across the country, we face a huge financial challenge.

Since 2010 our funding from the government has been halved and we’ve had to save £169 million.

By 2022 we’ll need to save a further estimated £35-40 million from our annual budget, including saving £23 million in 2019/20. This means making some difficult decisions.

Proposals

We have published proposals for how we plan to make the necessary savings over the next three years as part of our budget plans:

Camden Council’s Medium Term Financial Strategy 2019/20 – 2021/22

Next steps

The above report with our plans will be discussed by councillors with responsibility for all of the affected areas at a Cabinet meeting on 12 December.

The majority of proposals will require further development. We’re committed to involving residents and partners as a part of that development process. There will be plenty of opportunities to help shape decisions. 

We will keep you updated as work progresses on the MTFS and individual proposals.

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