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.


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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