£1.39 million in new funding for York Council to meet coronavirus costs
July 17, 2020
Julian has welcomed the news that City of York Council is being allocated £1.39 million, as its share of new £500 million funding from government to help local authorities cope with the additional costs created by the coronavirus emergency.
This latest cash injection means City of York Council has now received over £11.9 million to help it meet costs incurred since the start of the pandemic, part of £4.3 billion in special funding channelled to local authorities across England by Ministers.
The funding boost is accompanied by a new co-payment mechanism to protect City of York Council from income loss from foregone fees, charges and sales during the outbreak, with central government covering 75 pence in the pound of irrecoverable losses after the first 5%.
Julian said: “Given the vital role of York’s council workers in organising the local virus response, assisting the vulnerable and allocating government support for local businesses, I warmly welcome this new money from central government to support their ongoing efforts.
These measures will help protect our Council’s finances and cushion local services against the impact of coronavirus.
This new money complements the York-friendly hospitality and tourism VAT cut, stamp duty cut, job-retention subsidies and paid youth work placements unveiled in the Chancellor’s statement last week, reassuring me of the government’s commitment to helping our city’s public and private sectors get back on their feet.
I will continue to push for York to receive all the support and resources our community needs to rebuild.”
