The medium-term financial plan sets out how resources will be prioritised in order to achieve our objectives, including enabling the successful implementation of the Luton 2040 vision to tackle poverty, which was launched in October 2020.
The current medium term plan is based on the need to find additional efficiency savings and income and delivery of the revised Deficit Recovery Plans, as each year the budget starts with a core budget gap of around £5m due the lack of proper funding for local government.
Objectives and priorities
This plan sets out our overall objectives and priorities. It also sets out how we can seek to achieve them in the context of uncertainties in council funding (the 2025/26 finance settlement is for one year, with the government consulting on reforming the funding regime via a Fair Funding Review and business rates reset) as well as:
- additional demand for services
- inflation
- the rising costs of living
- sluggish growth
Document details
This document:
- is a strategic plan
- is owned by the Finance Team
- was last reviewed August 2026
- is due to be reviewed August 2032
- is current and up to date