Public Works Loan Board

The Public Works Loan Board (PWLB) was established in 1793 to provide loans to public bodies from the National Loans Fund. It today provides loans to local authorities of all types in Great Britain, primarily for capital projects, but also as a lender of last resort.

The members of the PWLB are known as the Public Works Loan Commissioners.

The PWLB is a non-ministerial government department, now managed as part of the UK Debt Management Office, one of HM Treasury's executive agencies.

Eligible bodies

• English and Welsh county councils
• English district councils (including unitary authorities)
• Welsh county borough councils
• London borough councils
• City of London Corporation
• Greater London Authority and its functional bodies
• the councils of local government areas in Scotland
• parish and community councils
• the Council of the Isles of Scilly
• the Broads Authority
• integrated transport authorities and passenger transport executives
• police authorities
• fire and rescue authorities
• waste disposal authorities
• port health authorities
• other authorities in England, Wales or Scotland having power to levy council tax or to issue a precept or levy

External links

• http://www.dmo.gov.uk/index.aspx?page=PWLB/Introduction