Borrowing overtakes grant funding for council capital schemes

By Martin Ford | 14 June 2018

Borrowing exceeded grant funding for council capital projects in England last year, according to newly-released figures.

Figures from the Ministry of Housing, Communities and Local Government (MHCLG) showed capital grants amounting to £8bn were used to finance capital expenditure in 2017/18, compared to £8.8bn raised through prudential borrowing.

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Finance MHCLG