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Medium-Term Financial Strategy (MTFS) for 2027/28 to 2030/31

1 story · 1 council

Greenwich Council is addressing a projected £118 million budget gap by 2030 through its Medium-Term Financial Strategy.

Greenwich Council discussed its Medium-Term Financial Strategy (MTFS) for 2027/28 to 2030/31 in October 2026, revealing a projected budget gap of £30.9 million for 2027/28. This gap is forecast to increase to £118.9 million by 2030/31. The council plans to use £18 million in one-off resources to mitigate the immediate 2027/28 gap.

While immediate measures are in place, the use of one-off resources does not address the underlying structural deficit, according to a report to the council. The council is developing a new approach to tackle these longer-term financial challenges, which are outlined in the MTFS.

Key facts

  1. Greenwich Council faces a projected budget gap of £30.9 million in 2027/28. Source
  2. The projected budget gap for Greenwich Council is forecast to rise to £118.9 million by 2030/31. Source
  3. Greenwich Council plans to use £18 million in one-off resources to mitigate the 2027/28 budget gap. Source
About this summary

This summary was written automatically from our published stories and the council meeting records they draw on. It describes what councils have discussed and decided; it does not take a view on any decision. Each key fact links to the story it comes from. Updated 22 October 2026. Spotted a mistake? Email community@opencouncil.network.

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  1. Greenwich Council faces £118m budget gap by 2030 Greenwich Council faces £118m budget gap by 2030, with immediate mitigation plans Greenwich 22 October 2026