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Cornwall

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In the news

Cornwall warns of £22m budget gap amid ‘fragile’ financial position

Cornwall ends year £7.5m over budget despite financial interventions

Cornwall warns DSG deficit could reach £180m by 2028

Cornwall’s service charge to increase as it joins new pool

Hastings expects to exceed budgeted returns with 4.2% return rate

LPPI exceeds £250m in cost savings

LPPI pool’s AUM to rise to £54bn as six Brunel funds agree to join

LPPI welcomes six new partner funds as EAPF makes its move

Another former Brunel fund heads to LPPI

Orphaned Brunel fund chooses London CIV as preferred pooling partner

Boost for LPPI as Dorset and Somerset announce preference

Clotted cream first as Devon confirms preferred pooling partner

Brunel funds in talks with LPPI about planned merger

Place-based investment still ‘a small fraction’ of LGPS assets

Oxfordshire announces pooling decision

Government acts to block councils from ‘selling off the family silver’ ahead of LGR

Cornwall implements new budgeting approach to close £100m gap

Labour MP warns ‘scattering’ Brunel funds will harm local investment

Council-led housebuilding programme a ‘positive step forward’

Growth of the town council: will local government reorganisation mean more grassroots powerhouses?

Could LGR trigger the great district spending spree?

Brunel CEO: ‘policy changes work best when all parties are on the same journey’

Increasing pay in adult social care will wipe out much of extra Budget funding, warns Moody’s

Budget: ‘significant’ funding increase includes £600m for social care and £230m for homelessness

Andy Brown joins Surrey as executive director of finances and s151

Using Place-Based Impact Investing as an approach to attract external investment

Epping Forest ramps up investments following asset sale

Municipal Missions Manifesto: A new dawn for local government has broken, has it not? – Alison Ring

Jim McMahon to speak at Room151’s LATIF/FDs’ Summit

Local government finance community to gather at LATIF and Finance Directors’ Summit this September

IFS: abolishing UKSPF for national service scheme will ‘downgrade’ levelling up

Cornwall Council launches £10.6bn investment programme

UK Environment Agency invests £170m in Schroders renewables fund

Cornwall seeks private investment in nature and aviation

Councils face £332m shortfall in annual youth homelessness funding

Cornwall Pension Fund commits £40m to energy transition strategy

Government announces exceptions for council tax premium on second homes

Housing151: government must take a ‘more sensible’ attitude towards debt

Housing151: ‘Total, radical shift’ in housing provision required, says keynote Jackie Sadek

Are council housing companies the answer to the housing crisis?

LGPS funds in the South West back largest operational solar deal in the UK

Housing151 conference draws near seeking solutions to timely topics

Bond yields: is now the time for the LGPS to de-risk?

Roundtable: investing in fixed income – opportunities for the LGPS

‘Hugely disappointing’: Autumn Statement offers no recognition of local government financial issues

IN PICTURES: highlights from the 2023 Investment Forum

Eight LGPS investors to back UK infrastructure

Room151’s 2023 Investment Forum: the LGPS at an inflection point

ACCESS launches UK and global property mandates

Cornwall Pension Fund and PGIM Real Estate complete joint housing acquisition

Wiltshire Pension Fund teams up with five other Brunel funds to back renewables

‘Stark’ service cuts at Woking as ‘things will get worse before they get better’

Growing funding gap of almost £50m ‘most immediate issue’ for Kirklees

Cornwall gets creative to balance budget amid ‘enormous financial challenges’

Worcestershire County Council appoints Phil Rook as s151

PRI director joins Brunel as head of Stewardship

Three councils awarded over £40m to create green heat networks

LGPS pool ahead of target on cost savings

£1bn devolution deals agreed for Suffolk and Norfolk

Cornwall Council signs £360m devolution deal

Forestry investing at an inflection point

Autumn Statement: a ‘better than expected’ outcome for councils

Pension pooling and the infrastructure imperative

LGPS fund invests £65m in modular housing programme

Pension fund to invest in affordable housing in Cornwall

Four local transport projects receive £160m government funding

Abolition of section 106 agreements ‘threat to local prioritisation’

Will Perry to open Housing151 conference

UKSPF a ‘missed opportunity for funding reform’

Cornwall’s housing crisis: planning and tax reforms ‘urgently required’

£4m Community Housing Fund to help deliver 1,200 affordable homes

LGPS pool ‘demonstrates major cost savings’, according to annual report

LGPS funds seeking to divest from Russia

A year in the life of an s151: ‘We delivered unbelievable things’

PWLB consultation: Big change on the way but there are ‘grey areas’ and opportunities

Tracie Langley: Shifting revenue budgets from individuals to place

Auditors find governance failures over LOBO loans

Brunel launches emerging markets sub-fund

Five councils share £374m for housing infrastructure

Moody’s: PWLB rate rise ‘credit negative’ for local authorities

Brunel wants new chief to build on success

The future for outsourcing after Barnet formula cracks

Poorest UK regions call for €13bn in post-Brexit funding

Cornwall ends inverse LOBOs

Brunel Pension Partnership launches asset management accord

County funding “embeds social mobility” according to MPs

Auditors settle LOBO accounting delay

Neil Amin-Smith: Research reveals 100% rates retention pilots are not cost-neutral

Council funding boost for stadium for Cornwall

LGPS Pools Roundup: Brunel appointments, mandate for UBS, CFO for Central, credit fund launch

Mike Jensen departs LPP for second stint with Lancashire’s treasury team

Business rates retention policy revived with new pilots

Brunel launches £27.5bn LGPS pool with new CEO and CIO

Brunel pension pool begins hunt for management team

Outstanding PWLB debt rises as councils borrow for property investment

News round-up: Glasgow’s TIF plan, calls for new watchdog, Cornwall’s settlement ‘disappointment’, business rates events

Councils going bankrupt? Don’t be Scilly!

Business rates retention to take over funding of three existing grants