Peterborough stadium, HMT consultation, Sheffiled apprentices, Falkirk homes, Welsh waste

Peterborough invests in football stadium
Peterborough City Council has voted to spend £1m on turning Peterborough United’s ground into an all-seater stadium. As well as the redevelopment of Moy’s End, the investment will create a vocational training centre for young people and establish new lease arrangements between the authority and football club.

Government considers accounts
HM Treasury is consulting on streamlining and simplifying central government annual report and accounts. It hopes to understand who is using public sector accounts, why they’re using them, whether there needs to be further information in them and what requirements are most burdensome. The consultation invites views from all users and preparers of central government accounts including users of public services, academics and the wider accounting community.

Sheffield backs apprentices
Sheffield Council is to allocate a third round of funding to getting young people not in education, employment or training into apprenticeships. The £500,000 will pay for pre-employment training and allow the council to part-subsidise the wage of an apprentice for one year. Nearly double the national average of 16 and 17 year olds take up apprenticeships in Sheffield.

Derbyshire, whole of UK face more cuts
Cuts mean that Derbyshire County Council will have to save another £30m on top of the £127m by 2017-18 it thought it would have to save in May. A statement from the authority described the news as a “shock”. Meanwhile analysis from the LGA has found that the government’s holding back of funding streams means that the real terms cut to councils’ basic allocation is 15%, or £1bn more than signaled in May. Some of the funding is new burdens funding, which should be allocated to meet costs brought about by changes to national policy. Some of it is conditional and will be paid during the financial year, meaning that councils must budget as if the money does not exist as they know neither the amounts or the time the funding should arrive.

Welsh government provides £105m for energy from waste
The Welsh government is to provide £4.2m in funding each year toward a 25-year energy from waste contract shared by five councils. Caerphilly, Cardiff, Monmouthshire, Newport and the Vale of Glamorgan will pay the remaining 75% after the government’s £105m. The contract, won by Viridor, will see the Trident Park plan process 170,000 tonnes of waste per year and produce energy to power 50,000 homes. Viridor’s £185m investment will generate over 360 jobs during construction and partner authorities will save £500m over the life of the contract.

Falkirk gets building
Falkirk should see 548 properties built over the next five years. New homes and council homes being sold back to the public account for 204; 317 will be provided through work with social landlords and 27 through the National Housing Trust. Finance will come from the local authority and new Scottish government money.