The British think-tank New Local Government Network (NLGN) launched last Wednesday (Dec 8, 2011) their report Capital Futures at an event at RICS, Parliament Square, Westminster, London.
The report is written by Tom Symons, NLGN, as a result of a project that started during spring this year. Lars M. Andersson has participated in the project by a presentation given at a seminar in London in July, where he spoke about financial cooperation between municipalities and by giving comments on the report before it was finalised.
The background to this project is the need to find new ways of financing local investments in a situation where the local authorities are experiencing big cuts in capital grants and the Public Works Loan Board have raises their margins substantially. In the project report one can, for example, find chapters on bond finance, retail bonds and local government funding agencies.
At the event Tom Symons presented the report and short speeches were given by, among others:
Lord Shipley, Vice-president of the Local Government Association
Edward Twiddy, Head of Local Government and the Regions, HM Treasury
Rt. Hon Hilary Benn MP, Shadow Secretary of State, CLG
It was a great interest for the event with presence from ministries, local governments, banks and auditing firms.
The report can be ordered from NLGN’s website.