The Isle of Wight Local Constituency Labour Party share this latest news, in their own words. Ed
Responding to the Alliance Group’s draft budget for 2025-26, the Isle of Wight Local Constituency Labour Party say they recognise the funding challenges that Isle of Wight council faces in setting its budget, but highlights the UK Labour Government’s commitment to supporting the Island through significant additional funding for key infrastructure, social care, and economic development.
£20m for Ryde over ten years
In a major boost for local regeneration, the Ryde Town Board has been allocated £20 million [over ten years] to drive economic growth and enhance community infrastructure.
This investment aims to revitalise the area, attract new businesses, and improve facilities for residents and visitors alike.
Social care and children’s services
To address growing pressures on social care and children’s services, the Isle of Wight council has been provided with an additional £15.8 million to ensure vulnerable residents receive the support they need.
While further funding discussions continue, this marks a crucial step in securing essential services for the Island.
£1.6m for potholes
The last government denied additional funding for fixing potholes on the Isle of Wight, because of the PFI contract with Island Roads.
Recognising the importance of road maintenance, the Labour government has allocated £1.6 million to tackle potholes and improve local roads. This funding will enhance road safety and accessibility, benefiting both residents and tourists.
Attfield: Labour Government recognises that current funding mechanisms are outdated
Despite these positive steps, the Isle of Wight continues to have unique challenges that require further financial support.
Phil Attfield, Chair Isle of Wight Labour Party, said,
“The Fair Funding Review for local authorities was abandoned by the last government in 2020. In the recent Devolution White Paper, the Labour Government recognises that current funding mechanisms are outdated, inefficient and poor value for money.
“The Island’s Constituency Labour Party is committed to supporting successful future Labour Council candidates to work with government officials to secure fair funding for the Island’s needs.”
