New restrictions on use of capital receipts

By Martin Ford | 05 April 2022

New restrictions have been imposed on the use of capital receipts by local authorities.

An updated direction published by the Department for Levelling Up, Housing and Communities (DLUHC) states that councils will be able to continue use funds from asset sales to cover revenue costs of projects that reduce costs, increase income, or improve efficiency, as has been the case since 2016, until the 2024-25 financial year.

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