PWLB lending facility

The PWLB Report and Accounts 2021-22 are now available.

HMT has issued new guidance regarding PWLB lending which is available on the Lending Arrangements page.

The Residual Maturity report for 31 March 2022 is now available

Year End Values for 31 March 2022 is now available

The latest version of the PWLB electronic template for PWLB borrowing applications is available on the Lending Arrangements page

Circular 163 is now available on the Lending Arrangements page

The latest version of the Technical Note is now available on the Technical Notes page

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

The PWLB Report and Accounts 2020-21 are now available

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.