The £4.25m implementation cost will be fully funded through a mix of grants, reserves, and general capital resources, as detailed in the report. There is no borrowing required to fund the changes.
The new collection service is expected to provide a £206,000 (9%) annual saving on the current net budget for refuse and recycling. This is compared to other options modelled which, while they may have provided a reduced initial set up cost, would have increased the annual budget cost by almost £1m.
The new collection service estimate does not include financial benefits from improved recycling by residents, any increase in recycling tonnages could result in an increased income for the Council and improve the £206,000 saving on the net budget.
A full breakdown of the financial impact of the proposed changes to the waste service is available in item 7 of the Cabinet report from May 2025 on our website.