Nottinghamshire CC will need to borrow £70m in the next year if it is to balance its books as debt ‘approaches £600m’.
A Finance Committee paper said the Treasury Management Strategy for 2021/22 highlighted a need to borrow approximately £70m over the course of the year ‘to fund the capital programme, replenish internal balances and to replace maturing debt’.
Want full article access?
Receive The MJ magazine each week and gain access to all the content on this website with a subscription.
Full website content includes additional, exclusive commentary and analysis on the issues affecting local government.
Already a subscriber? Login
