FINANCE

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.

article-author
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.

Martin Ford

Popular articles by Martin Ford

  1. Council issues formal complaint over public interest report
  2. Councils call on Government to 'back up its rhetoric' on devolution
  3. Homelessness surge driving councils' housing costs
  4. The devo debate

SUBSCRIBE TO CONTINUE READING

Get unlimited access to The MJ with a subscription, plus a weekly copy of The MJ magazine sent directly to you door and inbox.

Subscribe

Full website content includes additional, exclusive commentary and analysis on the issues affecting local government.

Login

Already a subscriber?

Martin Ford

Popular articles by Martin Ford

  1. Council issues formal complaint over public interest report
  2. Councils call on Government to 'back up its rhetoric' on devolution
  3. Homelessness surge driving councils' housing costs
  4. The devo debate
footer-logo

©2024 Hemming Group Limited. Registered in England and Wales. Registered No: 490200. VAT number GB342 023 408