Value-for-money
Councils are focusing on value for money through new strategic plans and procurement changes to address financial challenges.
Kensington and Chelsea Council adopted its 2026-2030 plan in October 2026, making 'Value for money' a key priority as it faces an expected funding gap of over £120 million. Separately, Southwark Council's Executive approved a strategy in October 2026 to divide highways maintenance contracts into two lots, aiming to secure better value for money and attract specialist providers.
The funding gap for Kensington and Chelsea Council is projected to be £108 million over four years due to the 'Fairer Funding' formula, a report to the council said. Meanwhile, Barking and Dagenham Council's Audit and Risk Committee discussed an interim auditor's value for money report in October 2026, examining the principle of achieving the best possible outcomes from public resources.
Key facts
- Kensington and Chelsea Council adopted its 2026-2030 plan in October 2026, making 'Value for money' a key priority. Source
- Southwark Council's Executive approved splitting highways maintenance contracts into two lots in October 2026. Source
- Kensington and Chelsea Council faces an expected funding gap of over £120 million. Source
- The funding gap for Kensington and Chelsea Council is projected to be £108 million over four years. Source
- Southwark Council's decision aims to secure better value for money and attract specialist providers. 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 14 October 2026. Spotted a mistake? Email community@opencouncil.network.