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Mayors to gain £1.5bn borrowing facility for regeneration projects

The government has announced a £1.5bn borrowing facility for regional authorities to invest in infrastructure and regeneration, alongside plans to allow mayors to use growth in business rates to finance major developments. The facility will become operational from April 2028 and will include mechanisms allowing…

The post Mayors to gain £1.5bn borrowing facility for regeneration projects appeared first on Construction News.

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The government has announced a £1.5bn borrowing facility for regional authorities to invest in infrastructure and regeneration, alongside plans to allow mayors to use growth in business rates to finance major developments. The facility will become operational from April 2028 and will include mechanisms allowing…

The post Mayors to gain £1.5bn borrowing facility for regeneration projects appeared first on Construction News.

Read More

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