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.
London Borough of Croydon has provisionally appointed a new permanent Section 151 officer, as it narrows down the field of candidates to fill a separate £100,000+ a year commercial investment...
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.
Spelthorne District Council has voted not to reimpose a moratorium on high-rise housing development that delayed its own affordable housing programme, costing it more than £1m.
Collectively, councils were over-compensated by central government for the financial impact of Covid-19. But the withdrawal of support means tougher times lie ahead, says David Phillips from the...
The government has announced its intention to install commissioners at a West Midlands local authority, with powers to dismiss and appoint senior officers, including the section 151 officer.
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.
The agency administering housing benefit on behalf of the Northern Irish government has had its 2020-21 accounts qualified over “material levels” of fraud and error, according to the...
The Department for Education intends to proceed with plans to scrap a £50m school improvement grant, despite objections from the sector over financial pressures.
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 recent PF/Workday roundtable discussion gathered a host of government finance leaders to share views on the challenges and opportunities for public bodies in implementing effective financial...
Local government secretary Michael Gove has suggested that higher taxes could be levied on property developers as a “backstop” to fund the £4bn removal of dangerous Grenfell-style cladding.
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.
More than 100 local authorities will press ahead with a High Court claim for hundreds of millions of pounds in compensation from truck manufacturers which the European Commission ruled...
An improved financial outlook means Peterborough City Council is unlikely to need to use capital financing flexibilities which it previously requested from central government, it has emerged.
Up to 80% of private finance initiatives contracts set to expire by 2028 are not covered by a solid plan for the return to the public sector, according to government’s infrastructure body.
Bolton Council has revealed that its application for £16m from the Levelling up Fund – which was not granted by Whitehall – was submitted late due to the documents being too...
