Issue - meetings

One Medway Financial Improvement and Transformation (FIT) Plan 2026/27 Refresh

Meeting: 07/04/2026 - Cabinet (Item 8)

8 One Medway Financial Improvement and Transformation Plan 2026-27 Refresh pdf icon PDF 142 KB

Additional documents:

Minutes:

Background:

 

This report set out the Council’s One Medway Financial Improvement and TransformationPlan refresh for 2026-27.The Plan wasintended tomeet therequirement to produce an improvement and transformation plan, as a condition of the ‘exceptional financial support’ approved in principle by the Secretary of State.

This refresh represented the third year of the Council’s journey to financial sustainability. It included an update on progress in the delivery of the targets and actions set in the previous year, alongside ambitious plans for the year ahead. The Plan was set out in a clear and transparent way which and was intended to be straightforward to understand.

The plan set out the ambition to make Medway a great place to live, work, learn and visit. It set out five key priorities which were delivering quality social care and community services; Benefiting from good education, quality jobs and a growing economy; Enjoying clean, green, safe, and connected communities; Improving health and wellbeing services for all; andLiving in good quality, affordable homes.

Progress would be closely monitored and reported via the Corporate Management Team and to Cabinet on a quarterly basis throughout the coming year.

Decision

number: 

Decision:

 

64/2026

The Cabinet agreed the One Medway Financial Improvement and Transformation Plan refresh for 2026-27, as set out at Appendix 1 to the report.

The Cabinet noted that responsibility for delivering the savings and actions set out within the plan had been assigned to specified Corporate Management Team colleagues and that the plan would be subject to regular and frequent monitoring via Corporate Management Team, along with quarterly reporting to Cabinet.

65/2026

The Cabinet agreed to delegate authority to the Chief Operating Officer to add further actions to the FIT Plan following the year-end review, such as carrying forward any actions not completed in 2025/26.

 

Reasons:

 

The Plan representsthe plan against which the Council will monitor achievement of the 2026/27 savings targets and sets out how the Council will deliver the improvements necessary to achieve the One Medway Council Plan objectives.It will also fulfil the conditionsattached tothe ‘exceptionalfinancial support’approved inprinciple by the Secretary of State and the wider requirements of the Local Outcomes Framework.