Arms-length council investment vehicle mooted

Tue 29th January 2013, 4:24 pm

Councils could use new freedoms to create a new model of stand-alone investment company to invest in infrastructure, according to SocInvest Thought Leader, law firm Pinsent Masons.

Pinsent Masons: SocInvest Thought Leader

In an Intelligence paper published today by SocInvest, Pinsent Masons partner Alan Aisbett says that authorities could borrow in line with the prudential borrowing regime to fund the new local authority finance companies.

He said that LAFCs could also source funds from the capital markets on behalf of councils.

Read more about the model in the full Intelligence paper

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