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ARCH annual report

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The ARCH annual report for 2015-16 is now available to view.

 

Download it here.

Councils budget for 21% increase in spending on housing 14/06/2019 Labelled as Finance

Latest figures from the Government show English councils are predicting an increase in capital spending on housing from £5.9bn to £7.1bn - a rise of 21% over the provisional outturn for last year.

 

Housing will this year displace highways and transport as the largest area of council capital spending - following the lifting of the housing revenue account borrowing cap.

 

Speaking to Room 151, the online news, opinion and resource service for local authority finance officers, ARCH Chief Executive John Bibby commented:

 

"I suspect there is a strong connection to the lifting of the HRA borrowing cap. The lifting of the cap has enabled some of our members which already had building programmes in place to expand or increase those. In authorities which previously had very little HRA borrowing headroom, the authorities are beginning to put new business plans in place. It takes time to get plans implemented and new build commissioned on site. For this reason, we expect the spending on housing to accelerate further."

 

Read the full article in Room 151

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