Wiltshire Council reports underspend and record infrastructure investment
End-of-year financial reports highlight balanced budget and extensive project delivery
Wiltshire Council has announced its end-of-year financial results for 2025/26, showcasing a balanced budget underspend and record capital investment in local infrastructure.
The council has confirmed an underspend of £846,000, marking an improvement from previous forecasts, and plans to allocate these funds to bolster services for children and families as well as community initiatives. Additionally, more than £13m of planned savings were realised during the financial year.
The council's commitment to investment in infrastructure is evidenced by a capital spend of nearly £201m, an increase from £177m in 2024/25. Key projects include road improvements at the A350 Chippenham Bypass, advances on Trowbridge Leisure Centre, expanded school facilities, the completion of 76 new affordable homes, and extensive flood prevention and highways work.
Managing Finances and Challenges
Strong income performance aided the council's financial position across services such as parking, planning, and property management. However, significant financial challenges persist due to pressures within both adult and children's social care services.
The overspends are attributed to increasing demand and more complex cases, prompting the council to seek innovative approaches to maintain sustainable services.
Wiltshire Council is also navigating pressures in the Dedicated Schools Grant High Needs Block, leveraging Government support through its Safety Valve agreement and progressing a High Needs Sustainability Plan.
Forward Planning and Treasury Management
Reflecting on the council's financial performance, Cllr Gavin Grant, Wiltshire Council's Cabinet Member for Finance, emphasised the importance of responsible financial management. "Our biggest responsibility as a council is to ensure we manage our finances efficiently and driving value for money for our tax payers, creating a strong position to deliver quality services," Grant said.
For the upcoming 2026/27 budget, the council aims to maintain positive progress despite growing challenges, focusing on improved financial management and delivering value.
The council's Treasury Management Outturn Report confirms adherence to its strategy, prioritising the use of grants and internal resources to keep borrowing costs low, contributing to strong financial performance.
For full reports and agendas, visit Agenda - Democratic Services - Wiltshire Council and Meeting - Democratic Services - Wiltshire Council.