Magazine article Public Finance

Kent Leader Calls for Long-Term Funding

Magazine article Public Finance

Kent Leader Calls for Long-Term Funding

Article excerpt

Capital investment programmes must be accompanied by funding plans that cover the life of the projects to ensure that the targets outlined can be achieved, Sir Sandy Bruce-Lockhart has told Public Finance.

The Local Government Association chair and Tory group leader said it made no sense to have long-term strategies that have no funding attached to them beyond the early years.

'At the moment we have 20-year housing strategies accompanied by three-year funding plans. It's crazy, no other country does it,' Bruce-Lockhart said. 'Infrastructure projects need to be funded over a much longer period.'

The Kent County Council leader acknowledged that ministers could not make financial commitments on behalf of future governments, but he said that there were several possible solutions to the conundrum. …

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