Local authority capitalisation: ministerial letter
This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government
Ministerial letter to local councils about borrowing or using capital receipts for revenue purposes
PDF, 39.6KB, 2 pages
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Letter from Communities Minister Andrew Stunell to all local council leaders about capitalisation for 2011-12. Capitalisation allows local councils to borrow or use capital receipts for revenue purposes.
Full guidance will be issued to councils earlier than in previous years, for clarity and in order to support local councils who wish to deliver efficiency savings early through organisational restructuring.