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NLGN and City of London Corporation are delighted to announce the launch of our latest report into how local authorities can use capital spending to add long-term social value to communities and reduce financial pressure on their revenues.
Local government capital spending is central to building long-term resilience for councils and the places they serve. While revenue budgets have reduced, capital spending power has remained relatively stable since 2010, offering local government a renewed role at the forefront of national investment. This borrowing power represents not only an opportunity to finance housing, urban redevelopment, and economic growth, but also to reduce their medium-term revenue pressures. This means finding new ways to ensure that capital spending delivers social value for residents and public value to communities and councils.
The report launch will discuss how to seize upon this opportunity and explore ways capital investment can be used to fund infrastructure, help the elderly live independently, create new well-paid jobs and much more. The launch will include a presentation of the report’s findings and recommendations, as well as responses from key stakeholders. This is a great opportunity for networking with peers. All attendees will receive a free copy of the report.
Chairman of Policy and Resources Committee, City of London Corporation
Cllr Julian Daly
Leader, St Albans City & District Council
Chief Executive, London Borough of Barking & Dagenham