Core City Finance Leads Warn of Coming Financial Crisis across Cities and City Regions

Our Finance Leads warn that funding gaps are likely to widen quickly in areas where Tier Two and Three lockdowns are implemented and say shutting down local economies has a huge impact on council finances through lost revenue, and increases reliance on local services, particularly for the most vulnerable in our communities.

They add: "This is why we believe we need to work together to create a clear and transparent exit strategy from these restrictions. The funding gaps we now face threaten not only our immediate role in supporting successful lockdowns, but also our longer term economic and place leadership role, which in the case of Core Cities, is critical to the economies of surrounding areas."