Local government pension funds should plough money into infrastructure investment both to boost their own returns and to support essential projects, a think-tank has said.
Councils should consider using new homes bonus funding to set up schemes to help first-time buyers get on the housing ladder, according to an influential think tank.
Metropolitan councils have urged the Government to transfer responsibility for local rail services to them.
Local government think-tank, Localis, in partnership with Lloyds Banking Group, will today launch a major report on mechanisms for funding the construction of new local infrastructure, which will provide the transport, energy and communication networks the country needs in the coming years.
Local government think-tank, Localis, in partnership with Lloyds Banking Group, have today launched a major report on mechanisms for funding the construction of new local infrastructure which will provide the transport, energy and communication networks the country needs in the coming years.
The study from local government think tank Localis and Lloyds Banking Group makes the new bank a key recommendation among proposals to kickstart the Coalition’s planned 250bn of infrastructure spending over the next five years.
It is , on the face of it, a difficult trick to pull off. As this month’s Budget will testify, the Government has pinned its growth agenda on securing 250bn of public and private sector investment in Britain’s creaking infrastructure over the next five years.
Funds from local government pension schemes should be used to help set up a 30bn national infrastructure bank, a local government think-tank said today.
A leading think tank has called for the creation of a 30bn National Infrastructure Bank part funded by local government pension schemes.
Local Enterprise Partnerships need greater powers to unlock infrastructure funding says Alex Thomson, Chief Executive, Localis.