Councils with housing stock will be able to bid to the Treasury for an increase in borrowing on their housing revenue accounts “as soon as possible” and there will be no extra strings attached to the way these funds are used, LGC understands.
Plymouth has big growth plans. The historic naval city, currently with a population of 264,000, is hoping to grow to 300,000 by 2032. When austerity hit, it opted not to cut back its resources for planning and economic development but to become more commercial.
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