Guidance

Explanatory note on core spending power: final local government finance settlement 2024 to 2025

Explanatory note on core spending power for the final local government finance settlement 2024 to 2025.

• From: Ministry of Housing, Communities and Local Government and Department for Levelling Up, Housing and Communities
• Published: 5 February 2024

Applies to England

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Explanatory note on core spending power: final local government finance settlement 2024 to 2025

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Core spending power measures the core revenue funding available for local authority services through the local government finance settlement. It consists of revenue grant funding made available through the settlement, locally retained business rates and council tax.  

This explanatory note sets out the methodology used to calculate core spending power and what funding is included within it.

Published 5 February 2024