Capital finance relates to expenditure that increases the value of local authority assets and the income that is used for this. Local authority assets include schools, care homes, waste management facilities and leisure centres. The subject is therefore linked to a wide variety of policy areas. The Fair Funding team deals with issues that affect the working of the capital finance system as a whole. Links to our work in this area can be found below.
Consultations relating to the capital finance system:
- Call for Evidence on Reform of PFI - published by the government on 1 December 2011; London Councils responded on 13 February 2012.
- Consultation on changes to capital finance regulations and guidance - published by the government on 11 October 2011; London Councils responded on 22 November 2011.
School places and housing investment:
Find out more about our work on school places and housing investment on the following links:
Investing in London - August 2011
Capital Crisis - enabling investment in London - January 2010
The focus of this booklet is to highlight the actions London boroughs need central government to take if the capital finance system is to operate more effectively at the local level. London Councils believes that if the government proactively works with us to swiftly advance our recommendations the capital finance system can provide the framework to re-enable the investment the capital's residents and economy need to accelerate London out of recession