Guidance

Exceptional Financial Support for local authorities for 2023-24

Details of support granted to local authorities that have requested Exceptional Financial Support in financial year 2023-24 and the associated external assurance reviews.

Applies to England

In the financial year 2023-24 the previous government agreed to provide 8 councils with support to manage financial pressures via the Exceptional Financial Support process. For 2 councils this included agreement to support for prior years.

Local authority Exceptional Financial Support requests from local authorities: 2023-24
Croydon £63.0m (support agreed in-principle)

This was subsequently revised to:
£50.0m (support agreed in-principle for 2023-24)

£161.6m agreed in-principle covering:
2019-20: £126.0m
2020-21: £10.0m
2021-22: £14.4m
2022-23: £11.2m
Cumberland £40.0m (support agreed in-principle)
Kensington and Chelsea £51.8m
Lambeth £50.0m (covering 2023-24 to 2024-25)
Slough £31.6m (support agreed in-principle)
Thurrock £180.17m (support agreed in-principle)
£452.491m agreed in-principle for 2022-23

This was reprofiled to:

£40.0m agreed in-principle for 2022-23 (February 2024), then subsequently reprofiled to £130.0m agreed in-principle for 2022-23 (February 2025)

£234.5m agreed in-principle for 2023-24 (February 2024), then subsequently reprofiled to £184.0m agreed in-principle for 2023-24 (February 2025)
Westmorland and Furness £26.0m (support agreed in-principle)
West Northamptonshire £6.6m (support agreed in-principle)

Capitalisation directions

Kensington and Chelsea Council capitalisation direction 2023-24 (PDF, 217 KB, 2 pages)

This capitalisation direction was amended in December 2024:

Kensington and Chelsea Council capitalisation direction 2023-24 (PDF, 106 KB, 2 pages)

Lambeth Council capitalisation direction 2023-24 (PDF, 256 KB, 2 pages)

This capitalisation direction was amended in February 2025:

Lambeth Council capitalisation direction 2023-24 and 2024-25 (PDF, 296 KB, 2 pages)

Assurance reviews

CIPFA local government finance review: Lambeth Council

Interventions in local authorities

Statutory intervention: London Borough of Croydon

Statutory intervention: Slough Borough Council

Statutory intervention: Thurrock Council

Updates to this page

Published 29 February 2024
Last updated 16 May 2024 + show all updates
  1. Added Lambeth Council capitalisation direction and assurance review.

  2. First published.

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