IRRV Alert - week ending 1st May 2020
Information Letters
News
Post implementation review of changes to the local authority capital finance framework (27 April 2020)
Research and analysis
Post implementation review of changes to the local authority capital finance framework
The post implementation review evaluates the changes made to the statutory guidance on local authority capital investment in 2018.
Published 27 April 2020
From:
Ministry of Housing, Communities & Local Government
Applies to:
England
Documents
Post implementation review of changes to the local authority capital finance framework
PDF, 534KB, 33 pages
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Details
Local authorities borrow and invest in capital under the capital framework, which sets out the statutory boundaries for this activity; it comprises guidance and underlying legislation.
In 2018, we made changes to our capital investment guidance to ensure the framework remained robust and relevant to councils. These changes were intended to improve behaviours over risk and transparency, rather than produce quantifiable changes to borrowing or investment.
In 2019, a post implementation review of the changes was undertaken. The review was designed as an impact evaluation looking at technical aspects of the capital framework.
Published 27 April 2020