Magazine article Public Finance

In Brief

Magazine article Public Finance

In Brief

Article excerpt

EDUCATION AND HOUSING

More cash for homes and schools in Wales

Welsh finance minister Jane Hutt has announced a £43m capital boost for schools and social housing, which she said would deliver an extra 800 jobs. A total of £23m will go to Welsh local authorities to support the refurbishment of schools and colleges, while £20m will go into the social housing grant, helping to build 230 affordable homes. "Through the Wales Infrastructure Investment Plan, we have set a clear direction for infrastructure investment across Wales and [this] additional funding... will deliver real and long-term benefits for people," Hutt said.

INDUSTRY

Rates at steel plant cut to bring in buyers

Business rates at the Tata steel plants at Clydebridge and Dalzell are to be cut from April to attract buyers for them. "This relief on business rates is a powerful signal of the value we place on securing an alternative operator, and helping them to cut costs," said Scottish business minister Fergus Ewing. "It initially applies for one year, as we have already secured agreement that the assessor will take the state of the steel industry into account for the 2017 revaluation. …

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