Public Works Loan Board (PWLB)
Councils are incorporating Public Works Loan Board loans into their borrowing strategies for capital projects.
Redbridge Council's borrowing strategy for the 2025/26 financial year included Public Works Loan Board (PWLB) loans as a principal source, as noted in its Treasury Management Outturn Report in July 2026. The council's net borrowing increased to £447.371 million during this period, utilising a mix of PWLB and market loans.
Other councils have also been reviewing their treasury management activities. In September 2026, Camden Council's Audit and Corporate Governance Committee discussed its treasury management, while Bexley Council's General Purposes and Audit Committee reviewed its treasury management outturn in July 2026. Hackney Council's Audit Committee considered treasury management recommendations in June 2026.
The Public Works Loan Board (PWLB) is a UK government entity that provides loans to local authorities for capital projects. Its functions were allocated to HM Treasury in 2020, discharged through the UK Debt Management Office, following its abolition as a statutory organisation.
Key facts
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This summary was written automatically from our published stories and the council meeting records they draw on, with background from Wikipedia. It describes what councils have discussed and decided; it does not take a view on any decision. Each key fact links to the story it comes from. Updated 30 September 2026. Spotted a mistake? Email community@opencouncil.network.