How we are funded

The money that we spend on our services comes essentially from four major sources:

1. Business rates
2. Council tax
3. New Homes Bonus
4. Revenues Support Grant

The levels of income we receive from each is shown below:

General Central Government Grant

In 2024/25 Central Government are planning on restarting the Revenue Support Grant scheme. Our Revenue Support Grant for 2024/25 is due to be £211,000.

From 2023/24 our Government Grant was £197,000.

Business Rates

Business Rates are paid on commercial property, such as factories, offices and shops. The element we are allowed to retain is used to fund council services.

In 2024/25, our estimated Retained Business Rates Income will be £11,175,178.

More can be found on our Business rates pages.

Council Tax

Council Tax is a form of local taxation, based on the banding of your accommodation.

In 2024/25, our Council Tax income will be £16,014,035, excluding Parish Precepts.

More details can be found on our Council Tax Income page.

Charges for our services

Many of our services are free, but some have a small charge. For example, we charge for car parking around the city and at Park and Ride car parks.

The level of income we receive directly to pay for service provision is available on our Spending Plans page.

More details can be found on our Fees and Charges page.

Please Note: the fees and charges documents above are correct as of April of any given year. Some fees and charges may change after April. Please visit the relevant service area pages of our website to view current fees.