In recent years, government has provided single-year finance settlements, with stakeholders consistently calling for multi-year settlements to aid longer term planning and decision making. Written evidence from Cornwall Council highlighted how single year settlements compound the financial challenges it faces and makes longer-term financial planning almost impossible.23 Government has now committed to multi-year funding settlements in 2026–27, the first in a decade, with MHCLG stating they ar...

In recent years, government has provided single-year finance settlements, with stakeholders consistently calling for multi-year settlements to aid longer term planning and decision making. Written evidence from Cornwall Council highlighted how single year settlements compound the financial challenges it faces and makes longer-term financial planning almost impossible.23 Government has now committed to multi-year funding settlements in 2026–27, the first in a decade, with MHCLG stating they are a crucial way to achieve greater efficiency in local government.24 Type: conclusion | Number: 11 | Response status: accepted Government response: 2.1 The government agrees with the Committee’s recommendation. Target implementation date: by the end of 2025, as part of the upcoming multi-year Local Government Finance Settlement. 2.2 On 20 June 2025, the government published the Fair Funding Review 2.0 consultation which set out the approach to