About available funding
Amount available (2024/25)
The 2024/25 budget approved by Council, includes revenue and capital budgets that are devolved to individual Elected Members (Community Leadership Fund) or the ward as a whole (Ward Capital Budget or Ward Housing Budget):
- Community Leadership Fund - each Elected Member has £1,584. This is a Revenue funding.
- Ward Capital Budget - Two member wards have £7,120. Three member wards have £10,680 Capital Budget.
- Ward Housing Budget - There is a base budget for each ward of £4,000 which is topped up with an enhancement dependent upon the number of Council homes in the ward. This is Revenue funding and can only be spent on projects that directly
- benefit Council tenants.
"Capital" is expenditure relating to the acquisition or improvement of physical assets or equipment which will be of use or benefit in providing services for more than one financial year or will increase the assets useful economic life. e.g. buildings, surveyor’s fees, street furniture, fixtures & fittings, computer equipment, etc.
"Revenue" is expenditure relating to the provision of services, short life and low-cost assets, e.g. general running costs, utility bills, room hire, activity sessions, trips, events, one off payments, etc.
What can be funded
Ward budget allocations must be aligned to the Ward Plan priorities and fund activity or services that support activity to tackle these. The Ward Plans and priorities for 2024/25 can be found here - www.rotherham.gov.uk/homepage/120/ward-plans
Minimum and maximum
There is no specific minimum and maximum that can be applied for, other than the total budget currently available.
