William Eichler 24 November 2016

Council apologises ‘unreservedly’ for controversial loan

Council apologises ‘unreservedly’ for controversial loan image

Northampton Borough Council has admitted controversial football club loan went ‘badly wrong’ and apologised unreservedly.

A report by its internal auditor Price Waterhouse Cooper (PwC), published today, described the council’s management of the loan to Northampton Town Football Club as ‘inadequate’.

PwC also recommended Northampton BC ‘improve’ its processes for dealing with loans.

The council has put the issuing of any new loans on hold until a new corporate governance framework has been put in place.

It will also implement due diligence guidelines that have been reviewed by the borough council’s banker, Barclays.

Cllr Jonathan Nunn, leader of Northampton BC, said: ‘First and foremost, I apologise for the past failings highlighted in our auditor’s report.

‘The council’s management of this project fell seriously short of the standards people have a right to expect from their council, and that is wholly unacceptable.’

’When the loan to the football club went so badly wrong, we asked our auditors to look at what happened and they have given us clear advice on the improvements that must be made,’ the councillor continued.

‘I accept that the Council failed to manage this loan in a proper way and clear action must be taken to show that lessons have been learned.’

Photo: ©Ian Rob

Time for a council tax precept to fund CCTV image

Time for a council tax precept to fund CCTV

The crisis in funding for CCTV systems is not being addressed by the government or the police and is leading to the curtailment of this vital service in local authorities across the country. How can we ensure that communities that want this service continue to receive it, asks Tom Reeve.
SIGN UP
For your free daily news bulletin
Highways jobs

Senior Lawyer (Safeguarding Children)

Royal Borough of Greenwich
£45834 - £48819 per annum
Are you an experienced childcare Lawyer with local government experience and looking for variety and challenge?The jobGreenwich Legal Services is comm England, London, Woolwich
Recuriter: Royal Borough of Greenwich

Lawyer (Planning & Highways)

Royal Borough of Greenwich
£40869 - £43860 per annum
Are you a Planning & Highways Lawyer with local government experience and looking for variety and challenge?The jobGreenwich Legal Services is committ England, London, Woolwich
Recuriter: Royal Borough of Greenwich

Regeneration Projects Manager

South Gloucestershire Council
£47,778 - £52,120
This is an exciting opportunity to lead comprehensive town centre regeneration programmes, specifically for... Gloucestershire
Recuriter: South Gloucestershire Council

Senior Lawyer, Regeneration & Property

Royal Borough of Greenwich
£45834 - £48819 per annum
Are you a Senior Regeneration & Property Lawyer with local government experience and looking for variety and challenge?Royal Greenwich is proud to be England, London, Woolwich
Recuriter: Royal Borough of Greenwich

Job Evaluation & Research Officer

Birmingham City Council
£27,741 - £34,728
2 x Job Evaluation & Research Officers will be supporting the Senior Job Evaluation & Research Officer and Reward & Recognition Manager. Birmingham, West Midlands
Recuriter: Birmingham City Council

Public Property

Latest issue - Public Property News

This issue of Public Property examines how how flexible workspaces can lead the way in regeneration for local authorities, Why local authority intervention is key to successful urban regeneration schemes and if the Government’s challenge of embracing beauty is an opportunity for communities.

The March issue also takes a closer look at Blackburn with Darwen Council's first digital health hub to help people gain control over health and care services.

Register for your free digital issue