Investments

Strong financial management over many years means that we are still able to make a number of important capital investments in the period covered by our budget to create a better borough.

Cleaner and well-maintained

• Over £40 million pounds for transport and highways schemes to ensure roads and footpaths are clean and well maintained and people can travel around the borough safely. Feedback from residents has seen the borough voted top in the region for overall satisfaction with roads in the National Highway and Transportation Survey.
   
• Investment in residential car parking schemes.

Greener

• £3.7 million pounds for environmental improvements including things like our parks, local nature reserves and green guarantee sites.
   
• £2.8 million pounds for climate change initiatives to reduce our carbon footprint and work with others on local climate change projects.

Safer

• Investment in a wide range of community activities from Friday football and urban games to tea dances and community gardening – bringing people together and providing a positive focus for people’s time.
   
• Self-defence classes for women.
   
• New CCTV (closed-circuit television) cameras across the borough and a new mobile CCTV unit.
   
• Improved street lighting.

More enjoyable

• £7 million pounds into leisure and culture in the borough, including things like:
  • free swimming for under twenty fives
  • gym refurbishment in our leisure centres
  • new flood lights for outdoor tracks
  • and improvements to our ski slope.
     
• £8.7 million pounds for a new swimming pool in the Dawley area to support health and wellbeing. We are currently in the very early stages of this project.
   
• Continuation of our 10 by 10 scheme, ten things for our children to try before they’re ten, including free swimming lessons.
   
• Investment in play areas across the borough, including equipment for children with disabilities.

Highstreets

• Almost £5 million pounds into Pride in Your High Street schemes which help local business owners with things like grants for new business start-ups and improving shop façades.

Homes

• Over £70 million pounds to expand Nuplace and Telford & Wrekin Homes to provide more high quality homes for local people to rent from a responsible landlord. So far, we’ve built 466 homes across ten sites providing homes for over 1,200 people across the borough and bringing twenty three acres of brownfield land back into good use.
   
• £10 million pounds for affordable and specialist housing programmes.
   
• Over £11 million pounds for a range of housing initiatives, including:
  • affordable warmth
  • empty properties
  • rough sleeper
  • and temporary accommodation.

Jobs and opportunity

• Over £74 million pounds to support further Growth Fund initiatives which have to date, brought 1,105 new job opportunities to the borough. The Growth Fund has already helped to fund new industrial units at T54, space for new businesses at Hortonwood West and Ni.Park (a new employment park in Newport).
   
• Over £40 million pounds for education projects including investment in school expansion projects to increase pupil places.
   
• Over £22 million pounds for Towns Fund regeneration projects.

Borrowing

• We spend less of our budget than most similar councils on the costs of borrowing.
   
• Much of the money we borrow is invested into things like houses and industrial units, giving people quality local homes with a responsible landlord and providing industrial units that enable employers to offer jobs.
   
• The investment also generates money for the council as buildings and land increase in value over time. When people pay their rent the profit is used to support frontline services such as care and support for older people. 
   
• At the end of last financial year, our land, buildings and investment in NuPlace were valued at £570 million pounds. This is equal to twice the amount of total debt outstanding which stood at £283 million pounds, meaning a loan to asset ratio of fifty percent.

Download the full budget papers

Last updated: 03/03/2023 17:30