FINANCE

Croydon to get £102m EIB loan

Croydon LBC has secured a £102m European Investment Bank (EIB) loan after rejecting the less favourable interest rates offered by the Public Works Loan Board (PWLB).

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By Dan Peters | 03 February 2015

Croydon LBC has secured a £102m European Investment Bank (EIB) loan after rejecting the less favourable interest rates offered by the Public Works Loan Board (PWLB).

The council believes it will save almost £7.5m by choosing the European option, money that it plans to invest in frontline services.

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Dan Peters

Popular articles by Dan Peters

  1. Unite members reject pay offer
  2. Ministers: Increase the pace of fixing unsafe buildings
  3. EXCLUSIVE: More than one in three have not published corporate or finance peer challenge in last five years
  4. New Homes Bonus expansion floated
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