The Government’s Local Finance Review will be reporting in 2012. The findings of this review are likely to usher in a wave of new financing tools for London Boroughs to use to deliver growth, including flexibility surrounding locally generated business rates and council tax. We’ll be asking how Boroughs can maximise the impact of these new tools, and how they can be combined with existing mechanisms to deliver a step change in infrastructure delivery.

News and Project Updates

• NHB 2012/13 figures released February 3, 2012

  The New Homes Bonus allocations for 2012-13 have been announced, with varying sums awarded to Boroughs across London.

• The Local Finance Bill Digested December 19, 2011

  Future of London Director Ben Harrison provides a summary of the likely headline implications of the Local Finance Bill for London.

• Creating new local revenue streams October 23, 2011

  Future of London and Centre for Cities argue for bold reforms to allow Boroughs to retain between 40% and 60% of future business rates growth to incentivise development.