PWLB lending facility

New announcements

Find out the latest announcements for the PWLB lending facility.

Date	Update
27 June 2025	The PWLB Report and Accounts 2024-25 are now available
7 April 2025	The Residual Maturity report for 31 March 2025 is now available
7 April 2025	Year End Values for 31 March 2025 is now available
12 December 2024	The Public Works Loan Board will be open for business as usual on the banking days over Christmas and New Year except that business will cease after 12:30pm on 24 and 31 December.
26 July 2024	The PWLB Report and Accounts 2023-24 are now available
29 June 2023	The PWLB Report and Accounts 2022-23 are now available
15 June 2023	HMT has introduced a new HRA Rate for Lending, commencing from 15 June 2023, and a new guidance regarding PWLB lending. Further information is available on our Lending Arrangements page.
24 June 2022	The PWLB Report and Accounts 2021-22 are now available
12 May 2022	HMT has issued new guidance regarding PWLB lending which is available on the Lending Arrangements page.
2 November 2021	The latest version of the PWLB electronic template for PWLB borrowing applications is available on the Lending Arrangements page
21 October 2021	Circular 163 is now available on the Lending Arrangements page
21 October 2021	The latest version of the Technical Note is now available on the Technical Notes page
12 August 2021	The terms and conditions applied to PWLB lending will change from 8 September 2021. This will increase the turnaround time for a PWLB loan from two to five working days (T+5 settlement), set the minimum interest rate for PWLB loans at 1bp and set a minimum late repayment fee of 10bps. Further information about these changes are set out in this letter from HM Treasury. For any further questions about these changes please contact pwlb@hmtreasury.gov.uk
2 July 2021	The PWLB Report and Accounts 2020-21 are now available
13 May 2021	The Lending Arrangements and Concessionary Rates pages have been updated to reflect HMT requirements regarding Certainty Rate returns for principal local authorities prior to applying to borrow from the PWLB.