Question to the Ministry of Housing, Communities and Local Government:

To ask the Secretary of State for Housing, Communities and Local Government, what recent assessment her Department has made of the potential impact of Public Works Loan Board borrowing rates on the capital investment capacity of locally led development corporations.

The Public Works Loan Board lending facility provides cost-effective lending to local authorities to support local investment and service delivery. Locally-led development corporations cannot directly access lending from the PWLB though local authorities may on-lend to them. Locally-led development corporations must ensure that borrowing is prudent, affordable and sustainable, including that interest costs can be managed, under the oversight of the local authority.