Brighton and Hove City Council will perform six-monthly “cash sweeps” of the company running a local landmark, in order to repay the millions the authority lent it to help get the attraction running.
The London Borough of Camden has joined the growing number of authorities in the UK to launch a community bond to help finance carbon reduction projects.
Slough Borough Council has received minded approval for £307m of financing flexibilities through a capitalisation direction, to help correct accounting issues and balance budgets.
Slough Borough Council says it needs a minimum of £479m in support from central government – a figure it claims could rise much higher if it fails to meet “challenging” savings targets.
The London Borough of Croydon has warned it is at risk of issuing a Section 114 notice next year, after auditors raised questions about the accounting treatment of £73m received from subsidiary...
The London Borough of Newham has reached an out-of-court settlement with Barclays Bank over alleged rigging of borrowing rates on lender option borrower option (LOBO) loans, a deal...
The London Borough of Croydon is set to sell two properties to reduce the amount of borrowing it needs to fund exceptional capital freedoms granted by central government.
Local authority organisations have warned that changes that would change the way councils account for debt servicing on commercial property borrowing could have a “devastating” impact on...
An Essex council is set to borrow up to £100m to lend to local businesses that cannot access mainstream lending for projects supporting regeneration within the borough.
Local authorities in the UK borrowed just £130m from the Public Works Loan Board in January, as the cost of borrowing leapt following December's Bank of England interest rate rise.
Warrington Borough Council has done a U-turn on its treasury management strategy policy of avoiding minimum revenue repayments on its commercial investment properties, a move that will cost it...
The average amount of gross external borrowing by local authorities in England fell in 2020-21, as borrowing restrictions and Covid-19 impacted the sector, according to CIPFA's latest update of its...
Edinburgh City Council is set to allocate up to £9.25m per-year from 2024 to fund the expansion of its tram network, following reduced fare income from Covid-19.
Crisis-hit Slough Borough Council has asked central govenment for £270m of financing flexibilities to help address historic deficits and reduce debts next year.
The government should ban local authorities from borrowing unless they have sufficient plans to make regular repayments of debt and interest, according to the Public Accounts Committee.
London Borough of Croydon failed to ensure it was acting lawfully over an agreement with its housing subsidiary Brick by Brick on a major regeneration project, auditors have found.
A housing subsidiary to which Cambridgeshire County Council has loaned £114m is at risk of failing to deliver on its business case, according to an independent report.
The value of two retail investments made by Surrey County Council in 2017 has plummeted by tens of millions of pounds – to less than half of the original purchase price – due to Covid-19.
Suffolk County Council has agreed a £700m joint-venture with property developer Lovell Partnerships, to provide almost 3,000 homes over a 15-year period.
Warrington Borough Council has given the green light to on-lend £37.5m to a housing provider, whilst speculation continues over the future of its partly-owned company Together Energy.
A waste management authority for seven London boroughs, borrowed £280m from the Public Works Loan Board last month to help fund a new waste-to-energy facility.
