Spelthorne Council approves key financial recovery measures

Spelthorne Borough Council has taken another significant step toward strengthening its long-term financial position, with Full Council approving two major reports forming part of the authority’s ongoing Improvement and Recovery Plan.

Councillors agreed a new Minimum Revenue Provision (MRP) Policy, bringing the Council fully in line with statutory guidance and ensuring a more robust and sustainable approach to repaying borrowing. A second report was also approved, authorising the Council to proceed with a major Debt Rescheduling proposal which will reduce total outstanding debt by roughly a third. These measures form a key part of the Council’s strategy to reduce overall debt levels, lower financial risk, and deliver better long-term value for residents.

Previously, Councillors had also agreed to bring in an asset specialist to support the Council with its carefully managed programme of asset sales, designed to help pay down further debt. The Council has confirmed there will be no “fire sale” and each sale will be planned to protect value and deliver the best return for local taxpayers.

Cllr Chris Bateson, Deputy Leader of Spelthorne Borough Council, said, “These approvals represent another major milestone in getting Spelthorne’s finances back on a secure and sustainable footing. We are committed to ensuring taxpayers’ money is managed with transparency and prudence, and these decisions help us continue moving firmly in that direction.”

You can read the Council agenda at Agenda for Council on Monday, 17 November 2025, 7.00 pm - Spelthorne Borough Council.