Royal Borough of Greenwich Approved budget 2025 to 2026

On Wednesday, we approved our budget for 2025 to 2026, featuring a £1 million investment in a new Community Energy Fund to cut carbon emissions and lower energy bills, £200,000 to expand Emotional Wellbeing Hubs for children and young people, and £1.6 million to fix potholes and repair our roads.

Thursday 27 February 2025

On Wednesday 26 February, we approved our budget for 2025 to 2026, featuring a major £1 million investment in a new Community Energy Fund (CEF).  

This new funding would not be possible without the tough but necessary decisions to deliver savings to counter the impact of 14 years of underfunding by the previous government.  

CEF will help local people and organisations set up projects that use renewable energy, like solar panels and wind turbines, to cut carbon emissions and lower energy bills, renewing our commitment to tackling climate change, as pledged in Our Greenwich. 

The Community Energy Fund is part of a wider set of investments to improve services and quality of life for residents. We are investing to ensure we can continue to help all residents and address the increasing challenges brought on by the cost of living and temporary accommodation crises. Our budget includes: 

• £1.6 million to fix potholes and repair our roads
• £1 million to the Greenwich Supports Council Tax Hardship Support Fund
• £820,000 to upgrade adventure play centres
• £680,000 to make streets safer and more sustainable
• £200,000 to expand Emotional Wellbeing Hubs for children and young people
• £1.7 million to open six new centres for people with special educational needs and disabilities
• £12 million for services for children and young people
• £20 million to improve care for older residents and those with complex needs
• Over £2 million to adapt homes for residents with disabilities 

Councillor Anthony Okereke, the Leader of the Royal Borough of Greenwich, said: "People in our borough want to see us making a real effort to tackle climate change - and we're doing just that, while lowering their bills at the same time. The Community Energy Fund is more than just an investment, it puts power in the hands of our communities, helping them to create greener, more affordable energy.