3/31/2026

Trafford Council is set to receive an interest-free loan from the Greater Manchester Combined Authority (GMCA) to address a multi-million-pound budget gap.

8/22/2025

A Lloyds Banking Group (LBG) advert stating that the lender had provided £19.5bn to social housing projects has been banned by the advertising watchdog.

3/3/2025

The National Wealth Fund (NWF) has announced plans to guarantee £250m of loans to housing associations to support the retrofitting of social housing.

1/27/2025

Brighton and Hove City Council has agreed to take on £51m of debt from the i360 tower after the firm behind the attraction went into administration.

8/14/2024

The UK Infrastructure Bank has announced a £17m loan facility to West Suffolk Council to deliver a programme of net zero projects.

1/30/2024

Isle of Wight Council has insisted it borrows to invest in essential projects after revealing its debt amounts to 42% of the authority’s annual budget.

8/30/2023

Auditors could issue a qualified opinion on Plymouth City Council’s accounts after questioning its methods to pay off a multi-million pound pension deficit.

3/1/2023

A trust set up to promote culture in Coventry after the city's year as City of Culture in 2021 has gone into administration putting a £1m council loan at risk.

2/22/2023

Woking Borough Council has warned that it is ‘in the territory’ of effective bankruptcy as it struggles with over £2bn of debt.

2/10/2023

Brighton & Hove City Council will have to put aside millions of pounds every year to cover a £44m loan labelled ‘high risk’ by auditors.

4/27/2022

The Government is ‘complacent’ about preventing ‘eye-watering’ levels of fraud in the COVID Bounceback Loan Scheme (CBLS), new report by the PAC concludes.

2/21/2022

Newham Council has reached a multimillion pound deal with Barclays Bank to settle its long-running Lender Option Borrower Option (LOBO) loan dispute.

12/2/2021

Liverpool City Council has completed a debt refinancing deal in a move that will save £15.8m.

10/10/2019

Housing developers will be given loans from the Government to build new schools before new properties are finished.

6/25/2019

Loans worth £155m have been announced to create 660 new homes in Wimbledon and Southampton.

6/17/2019

Councils could save millions of pounds by partnering with credit unions to offer interest free loans to families at risk of eviction, a new study has found.

5/7/2019

Newham Council is set to £143m after successfully terminating its Lender Option Borrower Option (LOBO) loans with NatWest bank.

3/21/2019

The Government has agreed to a £7.45m loan in order to kick start the development of a brownfield site in Birmingham city centre.

1/3/2019

Leicestershire County Council has recovered its £5m loan to cash-strapped Northamptonshire after concerns the latter would not be able to repay the money.

11/29/2018

Councils are failing to save £16bn by not replacing their expensive LOBO loans with ones from the Government, new research has warned.

11/2/2018

Kent County Council has reached an agreement with Royal Bank of Scotland to pay back its LOBO loan debt early.

10/10/2018

A credit union in Kensington and Chelsea which included several former residents of Grenfell Tower has gone bust.

9/7/2018

A council has launched legal action against a football club over money for a new stand which it says should have been repaid.

8/24/2018

Lancashire County Council’s accounts are set to be approved after a temporary delay caused by a complex £50m loan deal.

7/16/2018

Barclays are being sued by 14 local authorities over allegations it committed fraud over loans to councils.

6/7/2018

The i360, Brighton’s seafront observation tower, has asked Brighton & Hove City Council if it can reduce its loan repayments.

6/1/2018

The Government today announced a new multi-million pound deal that will deliver 1,300 homes for Cambridge.

5/16/2018

Blackpool Council has proposed loaning a local NHS trust over £27m to help the health body invest in frontline services.

9/25/2017

Residents have raised objections against risky high-interest loans in 46 local authorities, campaigners have revealed.

5/26/2017

Liverpool City Council has appointed administrators to a pharmaceutical company which was loaned £2m by the authority.

2/28/2017

Newham Council has struck a deal to scrap its lender option borrower option (LOBO) loans and switch to normal fixed rate borrowing in a move that will save up to £94m.

11/18/2016

Northampton BC has announced that it will receive a report from auditors PWC into a loan to Northampton Town Football Club at a special meeting next Monday.

9/12/2016

Local authorities should provide alternatives to payday lenders through credit unions, according to a new report.

9/1/2016

Barclays has become the first bank to scrap high interest Lender Option, Borrower Option (LOBO) loans for councils.