Mark Whitehead 30 November 2015

Council pensions should fund infrastructure say MSPs

Council pensions should fund infrastructure say MSPs image

Councils in Scotland should take advantage of opportunities to improve their infrastructure through City Deals, the Scottish government has advised.

It was one of the conclusions in a report issued today by the Scottish parliament’s local government and regeneration committee.

The committee identified the use of local authority pension funds and public policy initiatives such as City Deals as it examined funding of capital infrastructure projects.

It said local government pension funds should invest more capital in local projects such as affordable housing.

The committee said there was untapped potential for pension funds to support communities and generate income, but a lack of expertise in infrastructure investment meant too few were grasping the opportunity to invest to achieve local social or economic impact.

Committee Convener, Kevin Stewart MSP said: 'It has been proven time and again that investment in infrastructure is needed to grow a successful economy.

'All communities across Scotland must have the chance to benefit from this success and the opportunity to grow.

'Whilst there are some risks associated with investing in infrastructure, these can be reconciled given the long-term nature of these investments together with their positive social and economic impact.'

Fair funding delay image

Fair funding delay

The delay to the fair funding review can only add to anxiety over the future of local government, says Mark Whitehead
Highways jobs

Senior Traffic Engineer

East Riding of Yorkshire Council
£32,029 - £34,788 per annum
Currently seeking an enthusiastic and experienced individual to manage our Traffic Team. East Riding of Yorkshire
Recuriter: East Riding of Yorkshire Council

Youth and Community Based Commissioner- Colchester and Tendring

Essex County Council
£18117 - £19106.0 per month
Annual Salary JNC SCP 3 - Unqualified £18,117JNC SCP 6 - Qualified £19,106 We are currently seeking a Youth and Community Based Commissioner to suppo England, Essex, Colchester
Recuriter: Essex County Council

Networks Technician

Essex County Council
£24001.0 - £28280 per annum
Technology Services is focused on ensuring current and future investment in technology to maximise the opportunities to support ECC from a technology England, Essex, Basildon
Recuriter: Essex County Council

Youth Worker x7

Sandwell Metropolitan Borough Council
£18,795 - £19,945 per annum
Looking for a Youth Worker who can meet the needs and aspirations of young people and deliver high quality Youth Work. Sandwell, West Midlands
Recuriter: Sandwell Metropolitan Borough Council

Customer Specialist

Essex County Council
£20001.0 - £22220.0 per annum
Essex County Council (ECC) are currently recruiting for a Customer specialist within the Technical Processing and Optimisation Team. The Team is respo England, Essex, Chelmsford
Recuriter: Essex County Council

Local Government News

Latest issue - Local Goverrnemnt News

This issue of Local Government News explores how councils can tackle modern slavery and trafficking in their supply chains, finds out more about Cambridge's first cohousing scheme and the launch of a new project to build a shared service pattern library for local government.

This issue also contains a special focus on children's services and how councils are protecting children following local safeguarding children boards being abolished.

Register for your free magazine