ECONOMIC GROWTH

HRA reform could lead to multi-billion investment pot

Efficient operation of the housing revenue account system will lead to as much as £50bn of investment for local authorities.

By James Evison | 20 June 2011

Efficient operation of the housing revenue account system will lead to as much as £50bn of investment resource for local authorities, according to research.

The study, by the Smith Institute and PricewaterhouseCoopers, regarding housing revenue account (HRA) reforms - coming into force as part of the Localism Bill next April - claims councils could have control of over £300bn of rental income.

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Popular articles by James Evison

  1. AWM is top bidder for £14m waste deal
  2. GIB sale 'won't affect investment landscape'
  3. MacDonald commits to £6m Lambeth scheme
  4. Inflexible funding may scupper apprenticeship levy
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