Financial context
The economic climate means we cannot plan and deliver services without consideration of our budgets and the wider financial position of the Council. Whilst these issues are not unique to Coventry, their impact is affected by both local and national context including national living wage, inflationary pressures, the general health and wellbeing of the residents of the city and its subsequent impact on social care demand. We will therefore be working with providers to ensure that both our services and our processes are working in the most efficient manner, utilising all possible resources and assets available.
Our Medium Term Financial Strategy 2022 - 2025 supports the medium term policy and financial planning process that is at the heart of setting our revenue and capital budgets.