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Borrowing overtakes grant funding for council capital schemes

Borrowing exceeded grant funding for council capital projects in England last year, according to newly-released figures.

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By Martin Ford | 14 June 2018

Borrowing exceeded grant funding for council capital projects in England last year, according to newly-released figures.

Figures from the Ministry of Housing, Communities and Local Government (MHCLG) showed capital grants amounting to £8bn were used to finance capital expenditure in 2017/18, compared to £8.8bn raised through prudential borrowing.

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Martin Ford

Popular articles by Martin Ford

  1. Goodbye to all that
  2. GLA developer stuggles with £300m debt
  3. Mansfield names next chief executive
  4. EXCLUSIVE: Public back council funding hike
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