Laura Sharman 05 June 2020

Councils call for access to cheaper short-term loans

Councils call for access to cheaper short-term loans image

Councils should have access to short-term loans with delayed repayments to help them through the coronavirus pandemic, the Local Government Association (LGA) has said today.

The LGA warned that the one year minimum term for a Public Works Loan Board (PWLB) loan is too long to help councils deal with the immediate financial crisis facing the sector.

As well as shorter-term loans, the LGA also wants the Government to delay repayments by councils on all new and existing loans.

It warned that without access to this funding, councils may be forced to turn to short-term loans at expensive rates.

Cllr Richard Watts, chair of the LGA’s Resources Board, said: 'The Government has written off debt for NHS bodies as a result of COVID-19. Providing councils with access to short-term loans and delaying repayments is the least it can do to help tackle the significant cash flow problems many face.

'The scale of the economic, environmental and community challenges that we will face should not be under-estimated. It is vital that councils can support the economic recovery as emergency measures are lifted and we come through this crisis. This is vital if we are to ensure that all communities can contribute to and benefit from this recovery.'?

Participatory budgeting image

Participatory budgeting

Evgeny Barkov explains what participatory budgeting means and how it can reveal what citizens need.
SIGN UP
For your free daily news bulletin
Highways jobs

Assistant Housing Officer x 2 vacancies

Dover District Council
£20,102- £23,077
We are looking to recruit dynamic, skilled and high performing individuals who share our commitment to delivering excellence Dover, Kent
Recuriter: Dover District Council

Estate Assistant x 2 vacancies

Dover District Council
£17,890 - £20,037
We are looking to recruit dynamic, skilled and high performing individuals who share our commitment to delivering excellence Dover, Kent
Recuriter: Dover District Council

Surveyor – Planned works

Dover District Council
£34,924 - £40,746 (pro-rated for part time post)
We are looking to recruit dynamic and skilled individuals who share our commitment to delivering excellence Dover, Kent
Recuriter: Dover District Council

M&E Engineer

Dover District Council
£34,924 - £40,746
We are looking to recruit dynamic and skilled individuals who share our commitment to delivering excellence Dover, Kent
Recuriter: Dover District Council

Speech and Language Therapist - Hambleton & Richmondshire

North Yorkshire County Council
£32,029 - £34,788
We are looking for Speech and Language Therapists to join our Inclusion team across North Yorkshire. North Yorkshire
Recuriter: North Yorkshire County 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