Slough given conditions for £300m bailout

By Mike Yuille | 08 March 2022

Slough Council will only be considered for a £307m Government bailout to cover its deficits if it proves it can turn itself around financially, the Department for Levelling up, Housing and Communities (DLUHC) has warned.

The conditions include creating an improvement plan, and showing progress in selling assets, reducing debt and meeting savings targets.

DLUHC has also told Slough to draw up an action plan for achieving financial sustainability and closing its long-term budget gap.

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Budgets and efficiency Whitehall Finance Politics Improvement Intervention Michael Gove DLUHC
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