This Treasury announcement was originally displayed here on 21 September (click on image).
The follow-up Evening Standard article below it dates from 28 September.
"Local Authorities in England will be granted new borrowing powers ... to fund key infrastructure and other capital projects, which will support locally-driven economic development and growth.
"This system has long been employed in other countries."
(Click for Evening Standard)
"Yet more borrowing? Nick Clegg should be careful"
"The idea is that councils previously unable to afford regeneration projects will soon able to borrow money upfront against the predicted rise in business rates brought in by the development. The funds are used to pay for the infrastructure needed to make the scheme happen, and paid back to investors over 10 to 20 years."
No comments:
Post a Comment