News-in-Brief

A Wales Partnership Pension (WPP) fund has increased its infrastructure and real estate allocation, ramping up its pooled commitments ahead of the 2026 deadline.

City of Lincoln Council held an underborrowing position of £47.3m at the end of financial year 2024/25. Total debt at 31 March 2025 was

Plymouth City Council recorded a net saving of £2.517m against its 2024/25 treasury management budget. This was attributed in part to investment income received

Birmingham City Council is forecasting £618m in capital receipts from asset disposals by March 2026 as its financial focus shifts “beyond a shorter-term focus

A Border to Coast fund has set out its strategic asset allocation, scaling back the risk profile of its investments as part of its

Councils are to be handed new powers over developers under government proposals. Housebuilders will have to commit to delivery timeframes before they get planning

A Local Government Pension Scheme (LGPS) investment pool has reported that more than 90% of its assets are now covered by Paris-aligned climate targets,

West Berkshire and Stockton-on-Tees Borough councils are among 25 local authorities taking part in an early-stage trial of a new AI tool designed to

North Yorkshire Council has reported the delivery of capital receipts of £5m that have been realised from asset disposals over the past year. In

Newport City Council has taken advantage of a dip in short-term rates, increasing borrowing over the past year by £33m. Within the 2024/25 financial

Torfaen Council has reported over £31m of slippage in its capital programme for the previous financial year. According to a financial outturn report for

LGPS Central has expanded its leadership team with the appointment of a new programme director as the pool prepares itself to implement the government's

The West of England Mayoral Combined Authority and Homes England have signed a strategic place partnership at the UKREiiF [UK Real Estate Investment and

Angela Rayner, deputy prime minister and secretary of state for local government, opened the UKREiiF [UK Real Estate Investment and Infrastructure Forum] conference in

The Treasury should either find a way to mitigate the current pressures in adult social care and support on councils, providers and charities –

Woking Borough Council’s “days are numbered” but the authority hopes to “navigate a clear route forward” when handing over to a new unitary. In

Scotland’s councils must cover a budget shortfall of £647m in 2025/26, the Accounts Commission has said following its latest assessment of local government finances.

Test Valley Borough Council’s investment income for 2024/25 exceeded its original estimate by £742,000, and was also £20,000 above the budget forecast it set

An LGPS fund, alongside a European investment manager, has secured £50m in funding from Homes England to support a regeneration project. The three-and-a-half-year development

NILGOSC, the £10.4bn Northern Ireland Local Government Officers’ Superannuation Committee, has appointed a new investment adviser. The fund, which oversees one of the largest

Up to 500 empty homes in London will be refurbished and “ringfenced for those that need them most” as part of mayor Sadiq Khan’s

One of Hull City Council’s largest ever regeneration projects, which includes up to 850 new homes, has taken a major step forward. The authority

Islington Council is looking for a new corporate director of resources and section 151 officer, with David Hodgkinson leaving to join Westmorland and Furness

The implementation of a new finance system at North Yorkshire Council is “well underway” as the authority seeks to “rebuild some of the processes

Some £14bn of investment opportunities have been unveiled with the launch of the first North East Investment Prospectus. North East mayor Kim McGuinness said new