Torfaen County Borough Council has agreed plans to borrow £2.45m to pay for a 3MW solar farm.
Planning permission for the solar farm at a former landfill site in the borough was granted in October.
A business case presented to councillors said the project will generate a rate of return of 4.12%, equivalent to £835,000 over 35 years.
Room151 launches Audit Committee Masterclass: “There’s never been a time when it’s been more important to be clear about governance and about the risks that our local authorities face.” So says Richard Harbord, former local[...] dlvr.it/SBSW6G pic.twitter.com/7hgQST4SQV
Councils & carbon: COP26 an opportunity to confront climate change at a local level: As COP26 looms how have councils acted to tackle climate change and what do they need from the latest climate change summit? Mark Davies In the Netherlands by 1860… dlvr.it/SBSW4X pic.twitter.com/P6QxviQp8Z
Whitehall should be ‘wary’ of council tax rises as an answer to funding: Kate Ogden writes that councils face a potentially future following the spending review. In our recent report, we estimated that councils would need to spend £10bn more in 2024-25… dlvr.it/SBRzfD pic.twitter.com/8oP0bQc94S
What has been happening to the outlook for UK bank rate?: Sponsored article: Paul Mueller explores the possibility of a hike in the bank rate Market pricing* for the UK bank rate had, until recently, been relatively quiet for some time[...] dlvr.it/SBRzcr pic.twitter.com/IzUOHOuaRt
PFI, the end of LIBOR and the arrivel of SONIA: The deadline is looming. Neil Waller and Shivana Sood examine the implications of an interest rate switch. The Bank of England and the Financial Conduct Authority have advised that the[...] dlvr.it/SBRzXY pic.twitter.com/wiIdtQR4lc
Net zero: Opportunities ahead for LGPS but it will require ‘honesty’ and ‘sophistication’: Room151’s special LGPS & COP26 webinar hears there are “opportunities” in moving to net zero, while funds will need to be “honest” and “sophisticated” if they are… dlvr.it/SBNTFr pic.twitter.com/S2t5DU6a9i
LGPS & COP26: The expected, the needed and the opportunities: Speculation has been mounting about COP26 in Glasgow and what new measures world leaders might produce to tackle climate change. Our experts look at what to expect and what LGPS[...] dlvr.it/SBL55G pic.twitter.com/iAAr6wVYp6
LGPS weighs up alternatives: Alternative investments are growing in popularity. Elizabeth Carey explores what they are and why they’ve become a must-have. Much has been written about the growing appetite of institutional investors—and specifically[...] dlvr.it/SBL51T pic.twitter.com/Ui0EV4PlTN
LGPS: Lessons from pooling around the world—there’s good and bad news: Rachel Elwell writes how new research reveals there is no single template for pension pooling. Now in the seventh year since the idea of pooling was first mooted, it is[...] dlvr.it/SBFFXl pic.twitter.com/TLLnsdkRSH
Supplier management: The role of finance teams safeguarding essential services: Sponsored article: Many council suppliers are struggling with a risk of failure and a loss of service provision. Simon Stibbons looks at the way councils can spot a crisis… dlvr.it/SBFFVd pic.twitter.com/3Swu6H270o
Prudential Code: Are financial investments a case of ‘mistaken identity’?: David Blake finds there is “limited evidence” to suggest councils across the sector have been borrowing to invest in externally managed funds. Do local authority “financial… dlvr.it/SB0y8n pic.twitter.com/EnjBGsWBB5
Investing in infrastructure and real estate for solid returns: Sponsored article: If you want the best returns for the least risk, infrastructure and specialist real estate are likely to deliver, as William MacLeod explains. If, as an investor, you[...] dlvr.it/SB0y42 pic.twitter.com/0QuDmKCZyj
Last call for Wednesday's COP & LGPS special. See the agenda and register: room151.co.uk/wp-content/upl… pic.twitter.com/iiSi1kxQ4A
An ethical charter for responsible investors: Sponsored article: Reflecting every investor’s values is impossible, writes Michelle Scrimgeour, but “everyone benefits from a more sustainable financial system.” “The largest asset managers must acknowledge… dlvr.it/S9p0hz pic.twitter.com/2fOWol70Z0
Spending review set to push up council tax: Westerminster may just allow increases in council much higher than current thresholds, writes Adrian Jenkins. There is much that we do not know about the spending review later this month[...] dlvr.it/S9nRCb pic.twitter.com/iZjSdBiN8K
Why doesn’t LGPS make more noise about diversity among asset managers?: Diverse teams of asset managers score better returns. Karen Shackleton explores what LGPS should do. A recent recent survey by Citywire on gender diversity in asset management shared… dlvr.it/S9Xxrf pic.twitter.com/jsfO3fBRz4
Skills in short supply for local government audit: As always when faced with the excitement of current local government I first turn to the greats of our municipal heritage to map out the journey we have been on.[...] dlvr.it/S9Mldr pic.twitter.com/nlx8Pa0WSG
