Fire and Rescue Authority financial reserves: March 2023
Provides information on the level of financial reserves held by each standalone fire and rescue authority in 2022 to 2023.
Applies to England
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Fire and Rescue Authorities (FRAs) can keep part of their funding in financial reserves to:
- help manage financial risk
- fund major future costs, such as change programmes aimed at improving services to the public
Usable financial reserves are split into:
- resource - these include a general fund to cover unforeseen pressures and earmarked reserves which are held for a specific purpose
- capital - these are ring-fenced for capital investment
As at March 2023, standalone fire and rescue authorities’ resource reserves stood at £499 million. This is equivalent to 32% of their core spending power.