Public Sector Focus

12.12.19

Local Authority borrowing revolution

In light of the recent one per cent hike in the interest rate offered by the Public Works Loan Board to local councils, an alternative source of economical funding is desperately needed.

The UK Municipal Bonds Agency recently appointed PFM Financial Advisors with a clear remit to focus on structuring the UKMBA’s offering providing a flexible, user-friendly and cost-effective framework to address the borrowing needs of local authorities.

The UKMBA’s chair, Sir Merrick Cockell, said:

“The UK Municipal Bond Agency will revolutionise how local authorities finance their capital expenditure and enable local government to stand on its own two feet, while not indulging imprudent or excessive borrowing. We’ve clearly heard the feedback from local authorities around the original guarantee structure and have taken steps to implement a revised framework that offers the security and flexibility they need.”

EvoNorth speaker Cllr James Jamieson, chair of the Local Government Association, also commented:

“This revised structure presents councils with a range of secure borrowing options and we look forward to working closely with the UKMBA so it can help councils deliver even better value for local taxpayers and benefits for local communities.”

 

Sir Merrick joins the EvoNorth speaker line-up on 4th March in Manchester to give you the vital information needed on the competitive borrowing options available to you.

Reserve your subsidised public sector delegate pass today for only £89.95, save over £200, earn CPD points and gain invaluable insight. All refreshments are provided complimentary on the day

Comments

There are no comments. Why not be the first?

Add your comment

 

public sector executive tv

more videos >

latest public sector news

Birmingham Transport Plan preliminary draft published by council

16/01/2020Birmingham Transport Plan preliminary draft published by council

Birmingham City Council has published (Jan 13) a draft plan illustrating their vision for the future of transport in the city. Adding to the... more >
Manchester City Council to do major review of local development plan

16/01/2020Manchester City Council to do major review of local development plan

Key guidelines for development in Manchester over the next 15-20 years is to be reviewed, as new Local Plan is undertaken by City Council. T... more >
Ep 3. Industrial decarbonisation and hydrogen energy, Prof Joe Howe

16/01/2020Ep 3. Industrial decarbonisation and hydrogen energy, Prof Joe Howe

Professor Joe Howe, chair of the North West Hydrogen Alliance (NWHA) and executive director of the Thornton Energy Institute joins us in the stud... more >

editor's comment

25/10/2017Take a moment to celebrate

Devolution, restructuring and widespread service reform: from a journalist’s perspective, it’s never been a more exciting time to report on the public sector. That’s why I could not be more thrilled to be taking over the reins at PSE at this key juncture. There could not be a feature that more perfectly encapsulates this... read more >

last word

Prevention: Investing for the future

Prevention: Investing for the future

Rob Whiteman, CEO at the Chartered Institute of Public Finance (CIPFA), discusses the benefits of long-term preventative investment. Rising demand, reducing resource – this has been th... more > more last word articles >

the raven's daily blog

Utilising data to best deliver meaningful public services

14/11/2019Utilising data to best deliver meaningful public services

Public Sector Executive’s Matt Roberts explains how living in a modern, interconnected world, as we do, means public sector organisations cannot afford to ignore the role of data. Data is all around us in the modern age. Unseen, the digital environment plays a role in near on every aspect of our lives. It influences, manages and mit... more >
read more blog posts from 'the raven' >

comment

Peter Kyle MP: It’s time to say thank you this Public Service Day

21/06/2019Peter Kyle MP: It’s time to say thank you this Public Service Day

Taking time to say thank you is one of the hidden pillars of a society. Being on the receiving end of some “thanks” can make communit... more >
How community-led initiatives can help save the housing shortage

19/06/2019How community-led initiatives can help save the housing shortage

Tom Chance, director at the National Community Land Trust Network, argues that community-led initiatives are a productive way of helping to solve... more >
Aberdeen's green transport fleet attracting international attention

19/06/2019Aberdeen's green transport fleet attracting international attention

Aberdeen City Council’s hydrogen spokesperson, councillor Philip Bell, highlights the Granite City’s determination to play a leading ... more >
A fifth of public sector workers have never received a thank you from the people they serve

13/06/2019A fifth of public sector workers have never received a thank you from the people they serve

A fifth of the country’s public sector workers say they have NEVER received a ‘thank you’ for doing their job as Public Service... more >

interviews

Artificial intelligence: the devil is in the data

17/12/2018Artificial intelligence: the devil is in the data

It’s no secret that the public sector and its service providers need to invest in technology to help make better use of their resources. Bu... more >
Digital innovation in the public sector: The future is now

17/12/2018Digital innovation in the public sector: The future is now

One of the public sector’s key technology partners has recently welcomed a new member to its team. Matt Spencer, O2’s head of public ... more >
New Dorset Councils CEO on the creation of a new unitary: ‘This is going to be the right decision for Dorset’

05/11/2018New Dorset Councils CEO on the creation of a new unitary: ‘This is going to be the right decision for Dorset’

The new chief executive of one of the new unitary authorities in Dorset has outlined his approach to culture and work with employees, arguing tha... more >
Keeping the momentum of the Northern Powerhouse

15/10/2018Keeping the momentum of the Northern Powerhouse

On 6 September, the biggest decision-makers of the north joined forces to celebrate and debate how to drive innovation and improvement through th... more >