Workshop: The business case for a local government collective bonds agency

London - 12 September 2012

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

Who should attend?

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.

Programme

• The pressure for change in this area
• Changing PWLB terms of trade
• Work undertaken and consultation to date
• The underpinning the business case
• Key conclusions and sensitivities
• What an agency might look like
• Benefits and risks
• Timescales
• International lessons and opportunities
• Emerging proposals from government
• Certainty and scrutiny rate. 

How to book

Please contact Iva Simunkova
Telephone 0207 187 7370
Email Iva.simunkova@local.gov.uk

Special requirements

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.

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11 September 2012