PricewaterhouseCoopers LLP (PwC) was appointed to provide expert financial and technical support to the Department for Communities and Local Government (DCLG) team leading a project to develop a devolved system for the financing of council housing in England.
They have produced a spreadsheet model (the “Model”) to assist DCLG in developing sustainable self-financing business plans for each local authority with housing stock.
The model values each local authority’s council housing over a 30-year period and compares this to the amount of debt which the business currently supports. The model also quantifies and presents the national impact of these plans in aggregate.
Please note: It has been brought to our attention that the local authority financial model published on this website from 2 February 2011 to 10 February 2011 contained data from the draft HRA subsidy determination which for some authorities had been superceded by that published in the final determination. All figures contained in the policy document reflected this final data and the revised version of the local authority financial model is provided below.