Monday, May 21 2012
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Medium Term Financial Plan

We are currently awaiting the up-to-date version of the Plan for publication.

The medium term financial plan's purpose is to support the Council’s corporate planning processes and to indicate the resource issues and principles, which will shape the Council’s financial strategy and annual budgets.

The medium term financial plan sets out the overall shape of the Council’s budget by establishing how available resources will be allocated between services, reflecting Council and community priorities, and therefore providing a framework for the preparation of annual budgets. This document sets out the current projected revenue and capital plans to support the Council’s Corporate Performance Plan.

The Council's Corporate Performance Plan sets out the service and organisational priorities. These are reflected in the development of the medium term financial plan. The Plan identifies support for the delivery of the following five key strategic priorities: 

  • A major programme of environmental improvements and community safety measures under the heading "Neighbourhood Action" to ensure a clean and attractive environment.

  • Investing in Education and particularly in schools to maintain and improve levels of student achievement and to meet Government expectations for raised standards.

  • Investing in Social Services, to provide more flexible, responsive services that focus on people’s needs, provide greater choice and meet Government expectations of improved social care and reducing health inequalities.

  • Strengthening the corporate capacity of the Council by modernising governance and scrutiny arrangements, developing and implementing a Corporate Performance Management Framework and increasing the management competencies of staff.

  • Delivering comprehensive programmes of Regeneration in the three priority areas of Wakefield City Centre, The Five Towns and the South East of the District.

The continuing delivery of this strategy will be dependent not only on the resources made available through Government settlements, but also on the success of the Council in realigning resources to priorities and achieving efficiency savings in the ways set out in this document.                                       


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