The fund helps to subsidise essential items with the collaboration of volunteers.
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Borough chiefs have written to the Chancellor of the Exchequer, Rt Hon Jeremy Hunt MP, to urge him to extend the Household Support Fund (HSF). The fund currently spends £137.5 million.
President of the Society of London Treasurers, Clive Palfreyman asked in a letter for the HSF to be extended into the 2024-25 financial year.
Following the debate in Parliament, an increase in this year’s local government finance settlement was made, with 7.5% cash increase in core spending power. Raising the total to over £64 billion.
Despite the increase, the number has been deemed “insufficient” to address the financial pressures councils are under.
The HSF enables boroughs to partner with local voluntary and community organisations to provide much-needed support to low-income households struggling with the cost of living.
Of the £137.5 million spent on HSF related activity during 2023-24,
472,000 children were provided with meals during school holidays
218,000 households were delivered emergency food support
In addition to a number of one-off payments that subsidise basic necessities including clothing, electric and gas for warmth, replacing essential household items and school uniforms.
Mr. Palfreyman goes on to argue that the extension or an arrangement of a transition fund, will allow councils to better deal with effects of it’s removal.
London Council, the cross party group, have recently said that across the capital, 31 out 33 of the local authorities are set to overspend on their budgets.
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HeadlineLondon Treasury urge Chancellor to extend support for low-income families
Short HeadlineChancellor urged to extend low-income support fund
StandfirstHousehold Support Fund currently provides £137.5 million for fund related activities.
Borough chiefs have written to the Chancellor of the Exchequer, Rt Hon Jeremy Hunt MP, to urge him to extend the Household Support Fund (HSF). The fund currently spends £137.5 million.
President of the Society of London Treasurers, Clive Palfreyman asked in a letter for the HSF to be extended into the 2024-25 financial year.
Following the debate in Parliament, an increase in this year’s local government finance settlement was made, with 7.5% cash increase in core spending power. Raising the total to over £64 billion.
Despite the increase, the number has been deemed “insufficient” to address the financial pressures councils are under.
The HSF enables boroughs to partner with local voluntary and community organisations to provide much-needed support to low-income households struggling with the cost of living.
Of the £137.5 million spent on HSF related activity during 2023-24,
472,000 children were provided with meals during school holidays
218,000 households were delivered emergency food support
In addition to a number of one-off payments that subsidise basic necessities including clothing, electric and gas for warmth, replacing essential household items and school uniforms.
Mr. Palfreyman goes on to argue that the extension or an arrangement of a transition fund, will allow councils to better deal with effects of it’s removal.
London Council, the cross party group, have recently said that across the capital, 31 out 33 of the local authorities are set to overspend on their budgets.
