Public Works Loan Board
The question
To ask the Chancellor of the Exchequer, whether her Department has made an assessment of the potential impact of increasing the Public Works Loan Board lending cap on local authority investment strategies.
Answered by Darren Jones
The government increased the aggregate limit for Public Works Loan Board (PWLB) lending to £135 billion in November 2024. The increase in the limit has ensured that local authorities (LA) can continue to access loans to support their investment strategies in line with the PWLB lending guidance and the Prudential Framework for local government capital finance.
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