IRRV Alert - week ending 12th February 2021
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Exceptional financial support for local authorities: capitalisation directions (10 February 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.
Published 10 February 2021
From:
Ministry of Housing, Communities & Local Government
Applies to:
England
Documents
Bexley capitalisation direction
PDF, 157KB, 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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Peterborough capitalisation direction
PDF, 158KB, 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.
Published 10 February 2021