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1256225

registered interest
date	27/11/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	West Midlands Combined Authority: Borrowing
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what the borrowing capacity of the West Midlands Combined Authority is and what portion of this capacity has been used.
tabling member constituency	Birmingham, Hodge Hill
tabling member printed	Liam Byrne
uin	121800
answer	answer is ministerial correction date of answer 07/12/2020 answer text <p>HM Treasury agreed debt caps with several Mayoral Combined Authorities in 2018. These caps place a limit on long-term external debt in each financial year, and for the West Midlands this cap is:</p><table><tbody><tr><td><p>£</p></td><td><p>2018-19</p></td><td><p>2019-20</p></td><td><p>2020-21</p></td></tr><tr><td><p>WMCA long-term external debt</p></td><td><p>546,744,807</p></td><td><p>783,049,523</p></td><td><p>1,041,974,844</p></td></tr></tbody></table><p> </p><p>Figures published by the Ministry for Housing, Communities and Local Government detail outstanding debt on a quarterly basis for each local authority and combined authority. This is available at:</p><p><a href="https://www.gov.uk/government/statistical-data-sets/live-tables-on-local-government-finance" target="_blank">https://www.gov.uk/government/statistical-data-sets/live-tables-on-local-government-finance</a></p> answering member constituency North East Cambridgeshire answering member printed Steve Barclay question first answered 07/12/2020 16:25:19 answering member 4095 label Biography information for Steve Barclay
tabling member	1171 label Biography information for Liam Byrne

1109114

registered interest
date	02/04/2019
answering body	Ministry of Housing, Communities and Local Government
answering dept id	7
answering dept short name	Housing, Communities and Local Government
answering dept sort name	Housing, Communities and Local Government
hansard heading	West Midlands Combined Authority: Borrowing
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Housing, Communities and Local Government, what the total borrowing capacity is of the West Midlands Combined Authority; and how much that combined authority has borrowed since its establishment.
tabling member constituency	Birmingham, Hodge Hill
tabling member printed	Liam Byrne
uin	239892
answer	answer is ministerial correction date of answer 08/04/2019 answer text <p>Each combined authority remains responsible for its own borrowing. The prudential borrowing regime provides that an authority can borrow lawfully only if it can demonstrate that servicing and repayments of the debt are affordable. Mayoral combined authorities have annual maximum debt caps in place, agreed with HM Treasury, which can be reviewed if the need arises, and for the West Midlands:</p><table><tbody><tr><td><p>2018-19</p></td><td><p>2019-20</p></td><td><p>2020-21</p></td></tr><tr><td><p>£546,744,807</p></td><td><p>£783,049,523</p></td><td><p>£1,041,974,844</p></td></tr></tbody></table><p> </p><p>Figures published by the Ministry for Housing, Communities and Local Government detail outstanding debt on a quarterly basis for each local authority and combined authority, available at:</p><p><a href="https://www.gov.uk/government/statistical-data-sets/live-tables-on-local-government-finance" target="_blank">https://www.gov.uk/government/statistical-data-sets/live-tables-on-local-government-finance</a></p><p> </p> answering member constituency Rossendale and Darwen answering member printed Jake Berry question first answered 08/04/2019 15:01:14 answering member 4060 label Biography information for Sir Jake Berry
tabling member	1171 label Biography information for Liam Byrne