News-in-Brief

The Kensington and Chelsea Pension Fund has committed up to £100m to fund the delivery of 250 affordable homes, agreeing to lease them out

A £2.3bn local government pension fund has become the latest to adopt pass-through voting in a bid to exercise greater influence over its investments

A select committee chair has expressed her “deep concern” that the Ministry of Housing, Communities and Local Government may face significant cuts to its

Up to 16 of London’s 33 local authorities are at “heightened risk” of effective bankruptcy if the statutory override on special educational needs and

Greater Manchester Pension Fund (GMPF) has entered into a strategic partnership with the council in a bid to build 1,600 affordable homes in the

LGPS Central has reported that it has engaged with 661 companies during 2024 on climate change and issued a downgrade to one manager due

Bassetlaw District Council maintained an underborrowed position during 2024/25, and repaid two LOBO (lender option borrower option) loans during the financial year. A £5.7m

Coventry City Council has been awarded £102.8m in government education funding, which is the highest basic need allocation of any local authority in England.

East Sussex County Council is considering whether to commission the Chartered Institute of Public Finance and Accountancy (CIPFA) to undertake a financial assurance and

A coalition of mayors in England has called on the government to grant devolved powers to explore and implement a visitor levy in their

The Serious Fraud Office (SFO) is investigating allegations of fraud committed against Thurrock Council arising from the authority’s dealings with Rockfire Investment Finance Plc

The Local Government Association (LGA) has warned of “devastating consequences” if councils do not have “adequate” funding after the Spending Review. Pete Marland, chair

Ten local authorities have so far published their 2024/25 accounts ahead of the 30 June deadline, according to Room151’s head of research Dan Bates.

A slower than expected reduction in the number of households living in privately procured temporary accommodation (PPTA) drove a £1.25m overspend in Hastings Borough

Six in ten of England’s largest local authorities are not confident of setting a balanced budget next year without additional government funding, a survey

Experienced finance professional and local government executive Aidan Dunn is set to become chief executive at Bournemouth, Christchurch and Poole (BCP) Council. He is

The number of children’s home placements costing £10,000 or more per week – the equivalent of over £0.5m per year – has increased from

Herefordshire Council took on a new long-term loan of £25m during 2024/25 but still has significant internal borrowing. The loan has a 20-year repayment

Soaring cost pressures in adult social care, increased external residential costs for looked after children, and a homelessness funding shortfall contributed to a £14m

London CIV has become the first LGPS Pool to back the British Growth Partnership, a new venture capital vehicle by the British Business Bank

Waltham Forest Council plans to help address its “acute” housing shortage by converting four surplus sites into up to 90 new, high-quality temporary homes

Worcestershire County Council is implementing a new finance system that chief financial officer Phil Rook said would “be used by employees across the council

Surrey County Council will “give consideration” to taking out further long-term borrowing in 2025/26 as it seeks to increase cost certainty on future interest

Dacorum Borough Council is set to enter into a 50:50 limited liability partnership with a private sector developer to accelerate the development of both

UK Local Government Pension Scheme (LGPS) funds and an investment pool have committed £375m to a forestry fund managed by Gresham House. The fund manager