A proactive cross-party approach to the Council’s financial sustainability will be taken to manage the challenging budget situation which Sheffield City Council, like many other local authorities, faces.
Sheffield City Council will provide an update on its financial position and reaffirm its commitment to ensure a stable and sustainable authority that delivers for the city and its residents, in a report being presented to the Strategy and Resources Committee on 10 July 2025.
Over the past 13 years, Sheffield, along with many other local authorities, has seen significant reductions in funding from central government. Alongside this, demand for services is rising.
As a city dating back at least 800 years, Sheffield has an incredibly rich and culturally important history. From Sheffield Castle to the industrial revolution right the way up to the modern day, the city has made its mark on the world.
Proactive steps are being taken to ensure the Council remains able to set out a balanced budget in the long-term, including transforming services to run in a more sustainable and efficient way.
Today (Thursday 21 December 2023), at Sheffield City Council’s Extraordinary Strategy and Resources Policy Committee, Councillors were given a positive, but realistic, update on the financial outlook for the council and the budget for 2024/25.
Sheffield City Council will provide an update on its 2025/26 budget position, detailing in-year challenges and setting out a series of targeted actions to mitigate these, in a report being presented to the Finance and Performance Policy Committee on 18 August 2025.
Harmony Works Trust has successfully secured a £4,677,306 grant from the National Lottery Heritage Fund, contributing significantly to the proposed restoration of Canada House in Sheffield city centre.
