News-in-Brief

Northern Gritstone, a venture capital investor which supports the life sciences sector in the North of the UK, has confirmed a £35m commitment from

Argyll and Bute Council must take a “more strategic” approach to transformation and redesigning services to help close a funding gap of nearly £29m.

Bedford Borough Council has welcomed the investment and growth opportunities that are likely to come after the government gave agreement in principle for Universal

The independently-led Improvement and Assurance Board’s work at Liverpool City Council has concluded. The board was set up to provide oversight of ongoing improvements

Capital Letters, the not-for-profit company owned by ten London boroughs aimed at improving housing options for homeless people, is to close by the end

CIPFA has pledged “meaningful reforms” to the Code of Practice on Local Authority Accounting and the process by which it is set, while transitioning

The pool, which manages £52.3bn on behalf of its 11 partner funds, made the investments through its £500m UK Opportunities Fund. It committed £40m

The £250m investment will be managed by Local Pensions Partnership Investments (LPPI) through its newly launched Environmental Opportunities Fund. The multi-asset private markets fund

Blackburn with Darwen Borough Council has said that significant increases in mainstream home to school transport contract costs have made delivering its current level

Isle of Anglesey County Council will require borrowing of £70m to meet its housing expansion needs over the next five years. The authority’s Housing

Tees Valley Combined Authority (TVCA) has been issued with a non-statutory best value notice over concerns about value for money arrangements and governance. The

Local government reorganisation is not a solution to the financial challenges facing local authorities, Royal Borough of Windsor & Maidenhead council leader Simon Werner

London’s boroughs have called for joint decision-making arrangements over powers and funding in devolution plans, in a model similar to combined authority areas such

The fund has been recommended to commit 8% of its total £1.71bn in assets to the private debt fund, comprising £12m of uncalled capital

Under the new arrangement, the £6.5bn Local Government Pension Scheme (LGPS) fund will be able to vote in line with its own responsible investment

Lewisham Council could bring the management of council housing back in-house when its PFI contract with Brockley Housing expires in June 2027. A report appraising options

Some 14,400 new homes will be built over the next 15 years under Wirral Council’s newly-adopted brownfield-only local plan – which the authority believes

Denise Murray has been appointed as the finance commissioner to Thurrock Council until 1 September 2025. Her most recent experience is of serving as

Medway Council’s total debt has increased by £58m since the start of the financial year, to £551m at the end of Q3, some c£31m

Birmingham City Council’s medium-term financial plan (MTFP) is “not transformational”, while the authority’s 2025/26 budget-setting process “has not been pursued with sufficient urgency”. Those

The Ministry of Housing, Communities and Local Government (MHCLG) is extending the infrastructure assets statutory override until 1 April 2029. The override was introduced

Avon Pension Fund, a £6bn LGPS fund which invests on behalf of local government pension members in the Bath and Bristol area has today

The £3.3bn Lincolnshire Pension Fund, which invests on behalf of 80,000 scheme members, is set to increase the share of its pooled investments, with

Funds committed to the NHS could be moved into adult social care and provide a solution “in part” to the “chronic underfunding of adult

Local government minister Jim McMahon has promised £7.6m will be made available in the form of local government reorganisation proposal development contributions, to be