Listen Live

Bedford Borough Council

Borough Hall. Image: Bedford Borough Council

Bedford Council Moves to Restructure Debt with £5m Loan

A local council has taken out a £5 million loan to help manage its finances. The loan, from the Public Works Loan Board, was secured on April 16 to re-profile short-term debt over five years and reduce interest rate risks. A council spokesperson said borrowing levels are regularly reviewed and reported. The PWLB, run by the UK Debt Management Office, provides loans to public bodies for capital projects.

More from Local News

What's happening on Black Cat Radio

Recently Played