Published on 19th December 2024

Pound coins in a bowl with blue background

These budget proposals set out a roadmap for recovery and revitalisation – not just for the council’s finances, but for the services it delivers and the residents it supports.

Key proposals within the draft budget include:

  • Major investment into the development of Golden Valley, a nationally significant technology and security development here in Cheltenham which, will create new jobs and homes. This includes the National Cyber Innovation Centre that will provide space for collaboration between industry, government and academia whilst driving long-term inclusive growth for Cheltenham and Gloucestershire.
     
  • More capacity in our planning service to supporta new more modern approach to planning and place shaping for the town, ensuring the council can keep up with the growth of our town, whilst safeguarding its regency heritage.
     
  • A package of investment to support residents via the council’s new in-house social housing service, following the consultation on the tenant and leaseholder offer. 
     
  • Additional council tax support for those in receipt of Armed Forces Compensation Scheme payments, supporting local veterans through the cost-of-living crisis.


Cllr Alisha Lewis, cabinet member for finance and assets, said: “The council has faced unprecedented challenges over the last few years. However, forward thinking financial planning from the council has freed up the time and resources needed to make smart choices this year - from bringing Cheltenham Borough Homes back in house, to selling the council’s shareholding in Gloucestershire Airport.

“These choices give us more options than many other councils across the country, allowing us to invest in economic growth and the future of for our town when other councils are cutting services to the bone.

"Everyone is welcome to share their thoughts on the proposals during the period of consultation and I look forward to reflecting on these once the consultation concludes.”

Residents, businesses, and all partners can view the full council report and find details of the budget consultation, online at www.cheltenham.gov.uk/budget and comments can be emailed to [email protected].

The final budget will be determined by full council on Friday 21 February 2025, taking into account feedback from the budget consultation process. At this meeting, the council will also agree the level of council tax, considering the requirements of Gloucestershire County Council and the Gloucestershire Police and Crime Commissioner.

For media enquiries, contact: communications, telephone 01242 264231, email [email protected].