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Commons2nd reading
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Local Authorities (Borrowing and Investment) Bill

A Bill to make provision about the acquisition of land and property by local authorities in England outside their own local authority boundaries; to limit the power of local authorities to invest in commercial risk-taking enterprises; to limit public borrowing by local authorities for non-core activities; and for connected purposes.

Originating House

House of Commons

Sponsor

Sir Christopher ChopeConservative

Parliament last updated

5 May 2021

In Plain English

AI-generated

May contain errors — check source documents for definitive information.

The Local Authorities (Borrowing and Investment) Bill would tighten how English local authorities borrow money, invest funds and buy land or property outside their own areas. It aims to curb risky commercial investments and borrowing for non-core activities, so that spending stays focused on essential local services.

Key Points

  • Limits local authorities' borrowing for non-core activities
  • Restricts investments in commercial risk‑taking enterprises
  • Regulates acquisition of land or property outside an authority's own boundary in England
  • Seeks to ensure borrowing and investments are directed at core local services

Progress

The Bill is currently at the 2nd reading in the House of Commons, having had its 1st reading in February 2020. It has not yet progressed to Committee or Report stages.

Who is affected?

Local authorities in England (councils and similar bodies)Local authority finance teams and officersResidents and taxpayers in local authority areas

Generated 21 February 2026

Bill Stages

1st readingCommons

10 Feb 2020

2nd readingCommons
Committee stageCommons
Report stageCommons
3rd readingCommons
1st readingLords
2nd readingLords
Committee stageLords
Report stageLords
3rd readingLords
Royal Assent

Updates & Documents

News (1)

News - Local Authorities (Borrowing and Investment)

1 Jan 1970
The Bill failed to complete its passage through Parliament before the end of the session. This means the Bill will make no further progress.

Documents (2)

HCB 57 2019-21 (as introduced)
BillCommons
21 Oct 2020
HCB 57 2019-21 (large print)
BillCommons
21 Oct 2020

Parliamentary Votes (0)

No recorded votes for this bill yet.