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This report considers the existing delivery arrangements currently available to local authorities, and asks whether new delivery vehicles – such as Local Asset-Backed Vehicles (LABVs) – are needed to lever in the resources and skills required to deliver local growth. It is part of the joint City Solutions project undertaken by Centre for Cities and PricewaterhouseCoopers LLP.
This report considers the existing delivery arrangements currently available to local authorities, and asks whether new delivery vehicles – such as Local Asset-Backed Vehicles (LABVs) – are needed to lever in the resources and skills required to deliver local growth.
The report provides local authorities with new tools to evaluate whether to adopt an asset-backed vehicle, and outlines the main barriers that must be tackled by city leaders, business and central government if England’s towns and cities are to successfully implement these kinds of arrangements. Additionally, it challenges local public and private sector leaders to evaluate whether LABVs are genuinely right for their needs, and not just the ‘flavour of the month’.
The report is part of the joint City Solutions project undertaken by Centre for Cities and PricewaterhouseCoopers LLP.