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<p>In 2018/19, Tyne & Wear Fire and Rescue Authority is receiving £47.8 million
in core spending power. This is an increase of 0.8% compared with 2017/18. In addition,
at March 2018, Tyne & Wear Fire and Rescue Authority held £25 million in reserves,
equivalent to 52.3% of core spending power.</p><p>Details of Tyne & Wear Fire
and Rescue Authority Spending Power and the contribution from formula grant or the
Settlement Funding Assessment since 2010 can be found on line at:</p><p><a href="http://webarchive.nationalarchives.gov.uk/20090506010526/http:/www.local.communities.gov.uk/finance/0910/grant.htm"
target="_blank">http://webarchive.nationalarchives.gov.uk/20090506010526/http://www.local.communities.gov.uk/finance/0910/grant.htm</a></p><p>Since
2010 there have been changes to the finance and function of local government, therefore
spending power, Formula Grant and Settlement Funding Assessment are not directly comparable
over this period.</p><p>Fire and rescue services have the resources they need to do
their important work. Overall fire and rescue authorities is receiving around £2.3
billion in 2018/19. Financial reserves held by single purpose Fire and Rescue Authorities
increased by 80% to £545 million between 31 March 2011 and 31 March 2018. This is
equivalent of 42% of their core spending power.</p>
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