Productivity Plan - Investment and savings

The investment and savings we aim to achieve over the next three years through delivery of our portfolio of Transformation Programmes.

Transformation portfolios – investment and savings over the next three years

Adults Services transformation

• investment 2023 to 2024 - £250,000
• investment 2024 to 2025 - £2.500 million
• investment 2025 to 2026 - £2.350 million
• savings 2024 to 2025 - £6.125 million
• savings 2025 to 2026 - £2.000 million
• savings 2026 to 2027 - £400,000

Children's Services transformation

• investment 2023 to 2024 - £800,000
• investment 2024 to 2025 - £3.500 million
• investment 2025 to 2026 - £1.200 million
• savings 2024 to 2025 - £9.900 million
• savings 2025 to 2026 - £8.050 million
• savings 2026 to 2027 - £2.750 million

People, Resources and reducing agency/EPW

• investment 2023 to 2024 - £1.100 million
• investment 2024 to 2025 - £4.000 million
• investment 2025 to 2026 - £4.000 million
• savings 2024 to 2025 - £1.000 million
• savings 2025 to 2026 - £4.000 million
• savings 2026 to 2027 - £5.000 million

Assets and Fleet Management

• investment 2024 to 2025 - £500,000
• savings 2024 to 2025 - £475,000
• savings 2025 to 2026 - £3.750 million
• savings 2026 to 2027 - £3.500 million

Customer and pre-front door

• investment 2023 to 2024 - £250,000
• investment 2024 to 2025 - £2.750 million
• savings 2024 to 2025 - £1.000 million
• savings 2025 to 2026 - £2.000 million
• savings 2026 to 2027 - £2.000 million

Commissioning and Commercialisation

• investment 2023 to 2024 - £450,000
• investment 2024 to 2025 - £200,000
• savings 2024 to 2025 - £1.242 million
• savings 2025 to 2026 - £1.150 million

ICT - foundation systems

• investment 2024 to 2025 - £5.850 million
• investment 2025 to 2026 - £3.000 million
• savings 2025 to 2026 - £500,000
• savings 2026 to 2027 - £2.500 million

Improvement and efficiency

• savings 2024 to 2025 - £510,000

Totals

• investment 2023 to 2024 - £2.850 million
• investment 2024 to 2025 - £19.300 million
• investment 2025 to 2026 - £10.550 million
• savings 2024 to 2025 - £20.252 million
• savings 2025 to 2026 - £21.450 million
• savings 2026 to 2027 - £16.150 million

Year 1 priorities

Within this financial year, 2024/25, we aim to achieve savings of £37,610 million which is equivalent to approximately 11% of the Council’s 2024/25 Net Service Expenditure budget. These will be achieved through:

• delivery of the Transformation Plan - £20.252 million
• service reviews and budget pressure mitigation - £15.598 million
• contract and service reviews (non-recurring savings) -  £1.759 million

In developing our Transformation Plan we have identified and prioritised projects with the highest level of opportunity – resulting in the following breakdown of transformation activity in Year 1:

• £9.912 million of savings to be achieved in Children’s Services
• £11.532 million of savings to be achieved in services for Adults
• £7.773 million of savings to be achieved by better use of resources across the council