Latest GBC Press Release

Strong finances, local investment and more savings help Guildford Borough Council withstand funding challenges. Despite no overall government grant for 2018-19, a successful combination of focused savings, wise investment and effective management ensures that Guildford Borough Council remains in a very strong financial position.

The proposed 2018-19 budget and other financial plans will be discussed for recommendation at the Executive meeting on 23 January, for final discussion and approval by the Full Council on 7 February. Lead Councillor for Finance, Cllr Michael Illman says: “Our commercial approach to investing in our own borough, and goal to become self-funding, will help the Council cope without an overall government grant for the very first time in 2018-19. “We start from a very strong financial position, thanks to the bold decisions based on our ambitious plans to improve our borough by increasing income, reinvesting in growth from our share of retained business rates and transforming the way the Council works. All of this enables us to provide the wide range of vital services and future opportunities that our local communities and economy rely on to thrive. It also helps us manage the impact of the reduced funding from the government and Surrey County Council, without having to significantly increase our share of council tax for residents.”

A total investment of £92 million in our services, local property and infrastructure is proposed for 2018-19 As well as our own projects, we are also working closely with partners and jointly investing to deliver key infrastructure improvements across the borough. This includes working with the EnterpriseM3 Local Enterprise Partnership (LEP), Surrey County Council and Network Rail on projects such as

  • new Guildford West station in Park Barn
  • improving the A331/A31 Hogs Back road junction
  • new Walnut Tree town centre pedestrian and cycle bridge
  • new road bridge over the railway in Ash

Second lowest council tax in Surrey in 2017-18 - with an increase of 9.6p per week proposed for 2018-19.

We have saved approximately £10 million since 2013, partly by improving how we work, and plan to make almost £800,000 of savings and extra income in 2018-19. This means we can provide the wide range of services that our residents and businesses depend on in the most effective way, including     o collecting recycling, rubbish and garden waste 

  • caring for families, the homeless and providing transport, meals, activities and support to help older and vulnerable people remain independent 
  • supporting and developing our local economy and encouraging tourism 
  • looking after public health and making sure our taxis and food outlets are safe 
  • safeguarding and showcasing our heritage and local attractions 
  • making sure our beautiful parks and countryside can be enjoyed by everyone 
  • enabling a variety of sports, leisure and entertainment opportunities for all ages and abilities. 

Providing and building a mix of homes to buy and rent at market and affordable prices 

We own, manage and rent a wide range of 5,200 homes at affordable social housing rents and these rents are decreasing for the third year in a row, by 1% in 2018-19. We are building a mix of new homes for sale or affordable rent – key schemes underway include

  • Guildford Park Road on previous open-air car park site (160 homes, 64 for affordable rent) 
  • Apple Tree pub site in Park Barn (18 homes, all for affordable rent with nine fully wheelchair accessible) 
  • Ladymead site near the new Fire Station (12 homes, all for affordable rent) 
  • other smaller scale previously-developed sites (21 homes across five sites, all for affordable rent).

We are also increasing the homes provided by North Downs Housing, the Council-owned market landlord company, which buys local homes and rents them at low-end market rates.

To free up town centre housing, we plan to explore how the Council can potentially help deliver more purpose-built student accommodation.

Cllr Ilman adds: “It is not just the excellent financial management over many years, for which the Council is independently audited and recognised as providing great value for money. We also take an entrepreneurial view to tackling the considerable challenges the Council faces, particularly now that funding has to come from council tax, locally raised income and the proportion of business rates that we can keep.

“This view leads to positive outcomes, such as rental income from investing locally in property, which then helps keep council tax as low as possible. Every person matters, wherever they live in the borough and whatever their circumstances, and another benefit of our strong financial position is the ability for the Council to provide and build a mix of homes to meet the different needs across our communities.”

To find out more about the relevant committee meetings - and how to watch the debate and view the meetings live online or after they’ve finished via our webcasting. Please visit

Press contact: Carolyn Patterson, Communications and PR Manager, tel: 01483 444338 or e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it. 


East Horsley News

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