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.

Popular articles by James Evison

  1. GIB sale 'won't affect investment landscape'
  2. AWM is top bidder for £14m waste deal
  3. MacDonald commits to £6m Lambeth scheme
  4. Metro mayors must deliver bold socio-economic vision

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?

Popular articles by James Evison

  1. GIB sale 'won't affect investment landscape'
  2. AWM is top bidder for £14m waste deal
  3. MacDonald commits to £6m Lambeth scheme
  4. Metro mayors must deliver bold socio-economic vision
footer-logo

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