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Wales Online
Wales Online
National
Richard Youle

A £160m pot of reserves is helping Swansea council deal with spiralling costs

The leader of Swansea Council has welcomed the extra money coming to local authorities next year but warned it still left them "significantly short" due to the energy, wage and other financial pressures they were facing.

Addressing a cabinet meeting Cllr Rob Stewart said Wales's 22 councils faced £200 million extra energy costs in 2023-24, while the NHS Wales needed to find an extra £260 million to power hospitals and other buildings.

Councils get most of their core funding from the Welsh Government, with a smaller proportion coming from council tax and a share of business rates. Swansea Council is in line to receive £417.7 million from the Welsh Government in 2023-24 - that's £29.3 million more than this financial year. While not insignificant, Cllr Stewart has previously said that the council's energy bills alone would be around £15 million more than they are now.

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