Cheshire East seeks £18m capitalisation direction

By Martin Ford | 15 February 2024

Cheshire East Council has become the latest council to approach the Government for ‘exceptional financial support’ in a bid to avoid a section 114 notice.

The council is to ask the Department for Levelling Up, Housing and Communities (DLUHC) for a capitalisation direction worth up to £17.6m across the 2023-24 and 2024-25 financial years.

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Finance Budgets Reserves DLUHC