Stabilisation Plan
Croydon Council is focused on its financial strategy for 2027-30 to achieve sustainability and end Exceptional Financial Support reliance.
Croydon Council's Cabinet approved a financial strategy for 2027-30 in July 2026, aiming to achieve financial sustainability and end reliance on Exceptional Financial Support. This strategy acknowledges significant financial challenges, including an estimated £1.1 billion in 'overhanging' debt and ongoing costs for social care, housing, and SEND provision, as stated by Executive Mayor Jason Perry.
As part of its broader Stabilisation Plan, Croydon Council is exploring initiatives to encourage social housing residents in larger properties to downsize, aiming to free up homes for families in need. This proposal, which includes specific housing-related targets, was discussed by the Scrutiny & Overview Committee in July 2025.
The Stabilisation Plan is a corporate plan by Croydon Council designed to manage spending, achieve savings, and reduce the need for capitalisation directions. It addresses the council's significant financial challenges, including an estimated £72 million in debt servicing costs for 2025-26, as highlighted in a November 2025 financial report.
Key facts
- Croydon Council's Cabinet approved a financial strategy for 2027-30 in July 2026. Source
- The council faces an estimated £1.1 billion in 'overhanging' debt. Source
- Croydon Council is exploring incentives for social housing residents to downsize as part of the Stabilisation Plan. Source
- The council faced an estimated £72 million in debt servicing costs for 2025-26. Source
- The Stabilisation Plan includes specific housing-related targets. 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 30 September 2026. Spotted a mistake? Email community@opencouncil.network.