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CIPFA has amended its draft Financial Management Code for local authorities to give commercial activity greater prominence. The body has amended the proposals to recognise the importance of commercial activity[…]
Merseyside Pension Fund has committed £30m to be the seed investor in a direct lending fund for SMEs that could eventually raise hundreds of millions of pounds. Merseyside has partnered[…]
An 11% jump in borrowing by councils from the Public Works Loan Board (PWLB) during 2018/19 might have been fuelled by fears over a rise in interest rates, according to[…]
Cabinet members at Norfolk County Council have approved the creation of an investment fund in a move timed to allow access to European Union money before the UK completes Brexit.[…]
A London council was this week set to approve the creation of a joint venture to develop three major sites in the borough. London Borough of Harrow’s cabinet, due to[…]
Hackney Council has earmarked £150,000 as start-up costs for a council-run energy company to tackle the fuel poverty of almost 10,000 households in the borough. The council’s cabinet this week[…]
Children’s services in England are at “breaking point” and must receive increased funding of £3.1bn in the 2019 funding review, according to a report from an influential committee of MPs.[…]
A group of councils has joined the Local Government Association (LGA) in launching a new mutual aimed at offering a better deal for councils on insurance. The mutual will see[…]
Brentwood council is set to sign a joint venture with Morgan Sindall Investments worth £1bn in contracts for development in the borough. Though this is the fourth local asset backed[…]
The government will need to provide more information on funding and powers over infrastructure if local government is to be convinced by plans for new town development corporations, it has[…]
