A guide to your business rates

The council's finances

Southwark Council's income and expenditure

The revenue budget is mainly funded by revenue support grant, Council Tax and business rates. Schools are funded through the dedicated schools grant and other government grants.

This table explains our budget:

2023-24

Net Budget (adj) £m

Service

2024-25

Expenditure £m

2024-25

Income £m

2024-25

Net Budget £m

86.3 Children’s service 336.7 -250.8 85.9
73.4 Adult social care 158.9 -80.7 78.2
19.6 Highways 24.7 -5.2 19.5
-5.8 Planning and Growth 15.8 -22.2 -6.4
16.8 Parks & Leisure 20.0 -6.3 13.7
7.9 Libraries 8.6 -0.4 8.2
-3.8 Regulatory Services 8.7 -4.3 4.4
41.1 Refuse collection and disposal 72.6 -33.2 39.4
15.1 Customer & Exchequer 156.3 -140.3 16.0
24.5 Housing (General fund) 64.5 -38.2 -26.3
23.7 Other services 290.0 -215.8 74.2
348.8 Total spending on services 1156.8 -797.4 359.4

Page last updated: 20 March 2024

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