Written Question·Ministry of Housing, Communities and Local Government·UIN 58970

Property Development: Local Government

Tabled: 11 June 2025

Answered: 19 June 2025

Question

Kevin Hollinrake

To ask the Secretary of State for Housing, Communities and Local Government, what guidance her Department has issued to local authorities on offering loans to property (a) companies and (b) developers.

Answer

Matthew Pennycook

It is for local authorities to determine their own capital strategies given they are best placed to understand local needs and are accountable to the local electorate.In doing so, local authorities have a duty to comply with the Prudential Framework and m...

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