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.
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
Thu 20th December 2012, 10:21 am
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Tue 1st October 2013, 11:36 am
The benefits of creating local asset backed vehicles are still strong, despite the failure of some early versions of the model, according to a new report produced on behalf of the Confederation of British Industry.