Wednesday, April 17, 2024

Thurrock Council’s finance boss says £1 billion loan has “never put them in a stronger position”

Councillor Shane Hebb
Councillor Shane Hebb

CLLR Shane Hebb announced yesterday (Wednesday 8th July) at Full Council that financial resilience reserves have increased from £8m in 2016, to £18.5m in 2020 and now the focus must be on everyone working together to deliver the best possible solution for Thurrock post-Covid-19.

Deputy Council Leader and Portfolio Holder for Finance, Cllr Shane Hebb said: “We have always said that we needed to fix the roof while the sun is shining, this is exactly what we have done and it has allowed us to put Thurrock into a strong financial position before the Covid-19 pandemic.

“These extra reserves will enable the council to weather the oncoming economic fallout. The increased resilience has been possible through the investment strategy of the council continuing to pay-out.

“We believe it is essential to bring everyone together both inside and outside the Council to work together to tackle the fallout from COVID-19 in our communities. That is why we have asked for Overview & Scrutiny councillors to play a full role in providing input into how we adjust the Council’s approach to services and the way the council works when accounting for the changes COVID has made to society.

“We value our borough’s volunteers for all they have done – before COVID, during COVID and for all they are doing now.

“There is a wealth of knowledge about our borough, its people, and their needs in Thurrock’s volunteer and community sector – and so we are keen for Thurrock to invite the relevant groups to relevant agenda items so they can add their valued inputs too.

“The increased reserves have put us in a strong position but now it is about working together to create as much positive change in our borough as possible. I hope all get involved and play our parts.”


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