The government has confirmed that support with Woking BC’s debt will be provided for any new authorities as part of local government reorganisation in Surrey.
Woking issued a section 114 in June 2023 and commissioners were appointed in December. The district had a debt of £1.9bn, while its revenue budget was just £16m.
Woking BC’s papers confirmed that the government is “committed to providing an initial tranche of financial support for debt repayment for Woking in 2026-27, ahead of the implementation of re-organisation in Surrey”.
It added: “The government accepts that Woking BC holds significant unsupported debt that cannot be managed locally in its entirety”.
This financial support is intended to aid the “rationalisation of Woking’s…
