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The Prudential System
The Prudential System (Part 1 of the Local Government Act 2003) took effect from 1 April 2004. It is a modern, simple and transparent framework that encourages investment in the capital assets that local government needs to improve services and relies on modern accounting concepts, plus professional and self-regulation. It allows local authorities to raise finance for capital expenditure - without Government consent - where they can afford to service the debt without extra Government support.
- Guidance and Consultation Documents
- Capitalisation
- Legislation
- 2008 Overview of Local Authority Capital Finance
- Local Authority Investment Overview
- Asset Management
- Capital Allocations to Local Authorities from 1 April 2004
- Capital Finance Data Tables (for 2008/09 Settlement)
- Capital Grants data (for 2008/09 Settlement)
- Capital Finance Data Tables (for 2007/08 settlement)
- Capital Finance Data Tables (for 2006/07 settlement)
- Capital Finance Data Tables (for 2005/06 Amending Report)
- Capital Finance Data Tables (for 2004/05 Amending Report)
- Capital Finance Data Tables (for years prior to 2004/05)
- Capital Programme Working Party Papers
- Parish and Town Council Borrowing Approval System
- The Former Capital Finance System
- Depreciation
- Public Private Partnerships/ Private Finance Initiative
Queries related to Capital Finance and PFI should be sent to the Capital Finance Policy (CFP) mailbox: cfp@communities.gsi.gov.uk
CLG is not responsible for the contents or reliability of the linked web sites and does not necessarily endorse the views expressed within them. Listing should not be taken as endorsement of any kind. We cannot guarantee that these links will work all of the time and we have no control over the availability of the linked pages.
CLG can only offer an informal interpretation of legislation and it is for the authorities to seek their own legal and accounting advice.
Last updated on 19 August 2008
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