Exceptional financial support for local authorities: capitalisation directions
Details of capitalisation directions granted to local authorities that have requested exceptional financial support during the COVID-19 pandemic.
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The government has given considerable support to the local government sector to respond to the COVID-19 pandemic.
However, a small number of individual authorities have unique circumstances or residual issues that have resulted in unmanageable pressures, and have made the local decision to approach the government to request support.
To support these authorities, we have agreed to provide flexibilities – through a capitalisation direction – to enable authorities to use capital resources to support their revenue budget positions.