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.'?

SIGN UP
For your free daily news bulletin
Highways jobs

Adults Social Workers - Harlow

Essex County Council
£32065 - £43839 per annum
Working to support adults and their families who have complex social needs and are more vulnerable as a result of disability, exclusion, or diminished England, Essex, Harlow
Recuriter: Essex County Council

Digital Tutor

Essex County Council
£25801 - £26801 per annum
I.T and Digital Tutor Permanent, Part Time Up to £26,801 per annum Location
Recuriter: Essex County Council

Independent Chairs for the Integrated Care Systems for England

NHS England
£55,000 - £80,000 depending on population size and complexity
Do you have the experience to re-shape the health and care landscape in England? England
Recuriter: NHS England

Head of Governance & Partnerships

Blaenau Gwent County Borough Council
£63,742 - £70,115 per annum
Acting as our Head of Democratic Services, you will ensure that the Council’s statutory functions are achieved to a high standard. Blaenau Gwent
Recuriter: Blaenau Gwent County Borough Council

Consultant – Low carbon transport specialist

Energy Saving Trust
Up to £37,000 per annum, depending on experience
We are looking for an experienced individual, passionate about decarbonising transport and improving air quality. Homeworking
Recuriter: Energy Saving Trust

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