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11 Oct 21
The trading position of an energy company partly owned by Warrington Borough Council is deteriorating amid soaring energy prices.
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24 Sep 21
CIPFA has launched two new consultations on its Prudential Code and Treasury Management Code, focusing on commercial investment and officer training respectively.
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10 Sep 21
Swindon Borough Council has scrapped plans to acquire a local retail park, after it was advised the purchase would be “risky”.
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9 Sep 21
A government policy paper proposing limits on some UK local authorities’ borrowing has received a mixed reception from voices within the sector.
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2 Sep 21
Mansfield District Council is set to sell a hotel it owns in Edinburgh, after the Covid-19 lockdown led to the operator saying the site was ‘unsustainable’.
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31 Aug 21
Coventry City Council is set to create a shareholder committee to manage commercial investments, in a bid to avoid financial difficulties experienced by some authorities.
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27 Aug 21
Warrington Borough Council has defended an investment loan made to a company owned by a billionaire, saying the finance is secured against assets.
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12 Aug 21
Councils are allowed to use Public Works Loan Board borrowing to restructure existing debt even if they are pursuing banned commercial investment, according to new government ...
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11 Aug 21
The value of Spelthorne Borough Council’s commercial portfolio shrank by 5% last year, as Covid-19 hit property prices.
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10 Aug 21
Government proposals to limit commercial investment by local authorities, including the potential re-introduction of borrowing caps, are credit positive for the sector, according to ratings...
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6 Aug 21
The value of Warrington Borough Council’s commercial property portfolio reached £510m last year, despite the financial slowdown relating to Covid-19.
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29 Jul 21
The government has raised the prospect of statutory borrowing caps for local authorities to prevent excess risk in capital spending.
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19 Jul 21
Councils should be legally required to comply with CIPFA's Prudential Code to help curb risky investments, according to MPs.
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30 Jun 21
An investment company set up to buy commercial property on behalf of two councils has suffered cumulative losses of more than £12.5m since it launched four years ago.
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29 Jun 21
Uttlesford District Council is applying for a credit rating to allow it access to a greater range of borrowing to fund its multi-million programme of out-of-borough commercial investments.
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25 Jun 21
Sefton Council has approved plans to borrow £800,000 over the next three years to help improve the performance of an authority-owned shopping centre.
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24 Jun 21
CIPFA is proposing to boost the information it provides on proposed borrowing restrictions on borrowing for yield in its update to the Prudential Code.
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18 Jun 21
Local authorities commercial investment needs a change focus, to help unlock latent potential in region, says Jonathan Werran, chief executive of think tank Localis.
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11 Jun 21
A district council is planning to invest £56m in commercial property outside its boundaries this year, funded through borrowing from other local authorities.
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18 May 21
A combination of pressures from Brexit and the coronavirus pandemic could squeeze city council revenues and put more pressure on budgets, according to ratings agency Standard and Poor’s.
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11 May 21
Belfast City Council has rejected a commercial investment strategy, put forward with the aim of helping raise additional funds and finance the authority’s Covid-19 recovery.
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24 Feb 21
The government is considering whether a “system leader” could oversee local government audit in the future, after it rejected the Redmond review’s proposal of a statutory body.
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23 Feb 21
Torbay Council has become the latest authority to shelve its planned commercial investment following PWLB rules changes – scrapping £68m of its planned programme.
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19 Feb 21
The value of two retail investment properties purchased by North Somerset Council has dropped by more than £26m in the three years since they were purchased due to Covid-19.
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11 Feb 21
Leicestershire County Council says it could raise £18m of revenue each year to fund services after agreeing an £89m expansion of its commercial property portfolio.
11 Oct 21The trading position of an energy company partly owned by Warrington Borough Council is deteriorating amid soaring energy prices.
24 Sep 21CIPFA has launched two new consultations on its Prudential Code and Treasury Management Code, focusing on commercial investment and officer training respectively.
10 Sep 21Swindon Borough Council has scrapped plans to acquire a local retail park, after it was advised the purchase would be “risky”.
9 Sep 21A government policy paper proposing limits on some UK local authorities’ borrowing has received a mixed reception from voices within the sector.
2 Sep 21Mansfield District Council is set to sell a hotel it owns in Edinburgh, after the Covid-19 lockdown led to the operator saying the site was ‘unsustainable’.
31 Aug 21Coventry City Council is set to create a shareholder committee to manage commercial investments, in a bid to avoid financial difficulties experienced by some authorities.
27 Aug 21Warrington Borough Council has defended an investment loan made to a company owned by a billionaire, saying the finance is secured against assets.
12 Aug 21Councils are allowed to use Public Works Loan Board borrowing to restructure existing debt even if they are pursuing banned commercial investment, according to new government ...
11 Aug 21The value of Spelthorne Borough Council’s commercial portfolio shrank by 5% last year, as Covid-19 hit property prices.
10 Aug 21Government proposals to limit commercial investment by local authorities, including the potential re-introduction of borrowing caps, are credit positive for the sector, according to ratings...
29 Jul 21The government has raised the prospect of statutory borrowing caps for local authorities to prevent excess risk in capital spending.
30 Jun 21An investment company set up to buy commercial property on behalf of two councils has suffered cumulative losses of more than £12.5m since it launched four years ago.
29 Jun 21Uttlesford District Council is applying for a credit rating to allow it access to a greater range of borrowing to fund its multi-million programme of out-of-borough commercial investments.
25 Jun 21Sefton Council has approved plans to borrow £800,000 over the next three years to help improve the performance of an authority-owned shopping centre.
18 Jun 21Local authorities commercial investment needs a change focus, to help unlock latent potential in region, says Jonathan Werran, chief executive of think tank Localis.
11 Jun 21A district council is planning to invest £56m in commercial property outside its boundaries this year, funded through borrowing from other local authorities.
18 May 21A combination of pressures from Brexit and the coronavirus pandemic could squeeze city council revenues and put more pressure on budgets, according to ratings agency Standard and Poor’s.
11 May 21Belfast City Council has rejected a commercial investment strategy, put forward with the aim of helping raise additional funds and finance the authority’s Covid-19 recovery.
23 Feb 21Torbay Council has become the latest authority to shelve its planned commercial investment following PWLB rules changes – scrapping £68m of its planned programme.
19 Feb 21The value of two retail investment properties purchased by North Somerset Council has dropped by more than £26m in the three years since they were purchased due to Covid-19.
11 Feb 21Leicestershire County Council says it could raise £18m of revenue each year to fund services after agreeing an £89m expansion of its commercial property portfolio.
