Law or policy

Medium Term Financial Plan (MTFP)

1 story · discussed at 1 council meeting · 2 councils

Hackney Council is progressing its transformation programme to achieve significant savings for its Medium Term Financial Plan.

Hackney Council's transformation programme is progressing towards its Medium Term Financial Plan (MTFP) savings targets. The council's Scrutiny Panel reviewed the programme's progress on October 8, 2026. This initiative aims to modernise operations and contribute approximately £35.9 million in savings towards the council's overall MTFP target of £57 million over three years, as reported by Kieran Read, Director for Corporate Strategy and Transformation.

The MTFP is a financial planning document that outlines a council's budget strategy, expected income and expenditure, and savings targets over a multi-year period. Councils use it to ensure long-term financial sustainability and manage budget gaps.

Key facts

  1. Hackney Council's Scrutiny Panel reviewed the Corporate Transformation Programme on October 8, 2026. Source
  2. The transformation programme aims to contribute £35.9 million in savings to Hackney's MTFP. Source
  3. Hackney Council's MTFP target is £57 million in savings over three years. 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 9 October 2026. Spotted a mistake? Email community@opencouncil.network.

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  1. Hackney's transformation programme aims for savings Hackney Council's transformation programme is on track to deliver significant savings, aiming to bridge a substantial budget gap while improving services across key areas. Hackney 9 October 2026