Friday, 21 March 2014

Key issues for London Councils …

  • Government Property Unit’s Strategic Land and Property Review has identified scope to generate £5 billion of receipts from land and property nationally
  • Help to Buy: equity loan scheme extended to March 2020
  • £150 million fund to be set up to kick-start the regeneration of large housing estates through repayable loans
  • The government will work with the Mayor of London and the GLA to develop proposals for extending the Gospel Oak to Barking Line to Barking Riverside
  • It will also work with the GLA and the London Borough of Barnet to look at proposals for the Brent Cross regeneration scheme
  • Government will publish a prospectus by Easter 2014, setting out how local authorities can develop proposals for bringing forward new garden cities
  • Welfare cap to be set at £119 billion in 2015/16, rising with inflation to £127 billion in 2018/19
  • Phase 2 of the Troubled Families programme to be rolled out in 2014/15
  • £50 million for an early years pupil premium, to help improve outcomes for the most disadvantaged three and four year-olds
  • £140 million of new funding to repair flood defences that have suffered damage
  • £200 million “potholes challenge fund” established across UK
  • Public Works Loan Board borrowing limit to increase from £70 billion to £95 billion
courtesy of LC

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