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Exceptional financial support for local authorities: capitalisation directions (17 March 2021)
Guidance
Exceptional financial support for local authorities: capitalisation directions
Details of capitalisation directions granted to local authorities that have requested exceptional financial support during the COVID-19 pandemic.
From:
Ministry of Housing, Communities & Local Government
Published:
10 February 2021
Last updated:
17 March 2021, see all updates
Applies to:
England
Documents
Bexley capitalisation direction
PDF, 157KB, 3 pages
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Croydon capitalisation direction
PDF, 156KB, 3 pages
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Eastbourne capitalisation direction
PDF, 157KB, 3 pages
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Luton capitalisation direction
PDF, 158KB, 3 pages
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Nottingham capitalisation direction
PDF, 156KB, 3 pages
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Peterborough capitalisation direction
PDF, 158KB, 3 pages
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Wirral capitalisation direction
PDF, 166KB, 3 pages
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Details
The government has given considerable support to the local government sector to respond to the COVID-19 pandemic.
However, a small number of individual authorities have unique circumstances or residual issues that have resulted in unmanageable pressures, and have made the local decision to approach the government to request support.
To support these authorities, we have agreed to provide flexibilities – through a capitalisation direction – to enable authorities to use capital resources to support their revenue budget positions.
The capitalisation directions published above relate to the financial year 2020-21. A small number of authorities have also requested support in relation to unmanageable pressures in the 2021-22 financial year, either in addition to a request for 2020-21, or just for 2021-22.
The government has agreed support in principle for these authorities, subject to the outcome of an external assurance review. Therefore, the final amount of support may be subject to change. We will publish a final outcome in due course.
Authorities that have requested support for both 2020-21 and 2021-22
| Local authority | Capitalisation directions agreed for 2020-21 | In-principle support agreed in respect of 2021-22 |
|---|---|---|
| Bexley | £3.87m | £5.125m |
| Eastbourne | £6.8m | £6.0m |
| Luton | £35.0m | £14.0m |
| Peterborough | £4.8m | £20.0m |
| Wirral | £9.0m | £10.7m |
| Croydon | £70.0m | £50.0m |
| Nottingham | £20.0m | £15.0m |
Authorities that have requested support for 2021-22 only
| Local authority | Capitalisation directions agreed for 2020-21 | In-principle support agreed in respect of 2021-22 |
|---|---|---|
| Copeland | - | £1.5m |
| Slough | - | £15.2m |
Published 10 February 2021
Last updated 17 March 2021 + show all updates