Yesterday, in the House of Commons, I announced a 25% increase in the Efficiency Award Grant available to Great Yarmouth Borough Council. The Grant, first described in the announcement of the Local Government Finance Settlement, is there to help councils who look to make efficiency savings and spend residents’ money effectively. The original figure of £1.8 million has been increased by a further 25% if Great Yarmouth Council can put in the necessary measures to make savings and build their finances on the firm foundations required for the future.
The extra money now available to GYBC is a further incentive to make savings and cut waste. The council owes it to local people to start sharing services and cutting back room costs, making sure that their money is spent on what they need, rather than on bureaucracy and waste. This month has been a good month for announcements for Great Yarmouth: we have been awarded £600,000 to create new jobs through the Coastal Communities Fund; £28 million to improve our flood defences and now some extra money to help the future of the Borough Council. I look forward to hearing the plans that GYBC develop to secure this funding from the government and help local people.