Detail of outcome
The government’s response to the consultation on proposals for local authorities use of capital receipts in reforming services.
This consultation ran from to
Consultation on allowing capital receipts from new asset sales to be used for one-off revenue purposes to stimulate organisational change.
In the Spending Review document Investing in Britains’s future, the government announced that it would consult on allowing local authorities some flexibility to use their receipts from asset sales to pay for the one-off revenue costs of service reforms.
This consultation paper explores options for the introduction of such flexibilities to help stimulate organisational change for local authorities, and asks local authorities for views and suggestions.