Debt Rescheduling proposals 2025/26

November 11, 2025 Corporate Policy and Resources Committee, Council (Committee) Key decision Approved View on council website

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Summary

...to consider and agree to a proposed debt rescheduling proposal for implementation during 2025/26, recommending that the Council approve the proposal, subject to consultation and approval from relevant committee chairs if PWLB rates movements cause the discount benefit to fall below £320m.

Full council record
Content

The Committee resolved to:
 

1.    
Consider and agree the proposed new Debt Rescheduling proposal for
implementation during 2025/26 subject to the Chairs of the Business
Infrastructure and Growth Committee, the Commercial Assets
sub-Committee and the Corporate Policy and Resources Committee
being consulted and approving before a re-financing transaction is
initiated if PWLB rates movements result in the discount benefit to
the Council falling below £320m; and
 

2.    
Recommend that Council approve the Debt Rescheduling proposal for
implementation during 2025/26 subject to the Chairs of the Business
Infrastructure and Growth Committee, the Commercial Assets
sub-Committee and the Corporate Policy and Resources Committee
being consulted and approving before a re-financing transaction is
initiated if PWLB rates movements result in the discount benefit to
the Council falling below £320m.
 
 

Supporting Documents

Debt rescheduling report v3.1.pdf
Debt rescheduling report updated.pdf

Details

OutcomeRecommendations Approved
Decision date11 Nov 2025