Birmingham City Council is inviting financial institutions to joint fund a finance product designed to help low income families afford home improvements, or to relocate.
The council will invite banks, building societies and other financial institutions to joint fund special affordable equity loans which help homeowners excluded from conventional lending.
Discover 10 ways councils are stretching budgets further, from digital transformation and energy efficiency to community partnerships and data-driven decision-making.
Joanne Pitt, CIPFA Senior Policy Manager, argues the Autumn Budget must pair funding decisions with long-term reform to secure local government’s future.