Councils are throwing their
support behind plans to create a local government collective Municipal Bond
Agency which would cut millions from the cost of borrowing to deliver new
infrastructure like homes, roads and business hubs. The cross-party executive
of the Local Government Association (LGA), which represents councils in
England and Wales, has voted unanimously in favour of pursuing the plan
following 18 councils making formal expressions of interest in the creation
of a Municipal Bonds Agency. The new provision would allow councils to raise
funds at a significantly lower rate than those offered by the Public Works
Loans Board. Rea
d moreAdvice from CLGF enews@clgf.org.uk
