Most council long-term borrowing is currently from the Public Works Loans Board. The interest rates from this agency were unexpectedly increased to one per cent above the Gilts rate.
The LGA has carried out an assessment of whether a council owned collective agency could offer an alternative – similar to what operates in several other countries. This should bring more certainty to councils while increasing competition and providing a mechanism for prudent investment by pension funds in local government infrastructure.
This is a private session, open to WLGA/LGA member councils only, which will allow senior finance officers to explore these issues, for the LGA to determine the level of potential interest and invite authorities to become involved in developing the potential next stages of work.
Registration time 9:00 am
Start time 9:30 am
End time 12:30 pm
These workshops are aimed at LGA member authority Finance Directors and Treasury Managers. If there is sufficient professional support for this project, further workshops would then target wider audiences.
Please contact Iva Simunkova
Telephone 0207 187 7370
Due to the pressures on the provision of special requirements, such as BSL interpreters, the LGA will need six weeks' notice to provide this service.
11 September 2012