North Oxfordshire MP, Victoria Prentis has welcomed additional transitional grant funding from central government as part of the Local Government Financial Settlement.

On 8 February, the Secretary of State for Communities and Local Government announced extra funding to help ease the pace of reductions during the first two years of the settlement. As a result, Oxfordshire will receive an additional £4.45 million in 2016/17 and £4.46 million in 2017/18.

Alongside the additional funding, the Rt. Hon. Greg Clark MP announced a Fair Funding Review. The review will consider the appropriate funding needs of different types of areas, particularly in light of demographic pressures and the associated costs of providing services.

The Report on Local Government Finance 2016/17 was approved by the House of Commons in a vote on Wednesday evening.

Speaking afterwards, Victoria Prentis said, “I was pleased that the Secretary of State listened to representations made by MPs, including myself, over recent months. My colleagues and I have made it clear to him that the funding formula, as it stands, disadvantages local authorities, including Oxfordshire County Council. It is not fair. A thorough review of what the needs assessment formula should include is a step in the right direction.

Meanwhile, the additional funding over the next two years is welcome news for Oxfordshire. I know that the County Council is looking closely at how they will use the extra money. I will continue to make it clear to them that everything must be done to protect frontline services. I look forward to hearing about their plans when they are set out shortly.”