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UK Municipal Bonds Agency Framework Agreement

To recommend that the UK Municipal Bonds Agency (UKMBA) Framework Agreement is approved

Decision type: Key

Reason Key: Executive Proposals: Not in accordance with the policy framework or annual budget;

Decision status: Recommendations Approved

Notice of proposed decision first published: 24/08/2021

Decision due: 11 Oct 2021 by Executive Councillor for Finance, Resources and Transformation

Lead member: Executive Councillor for Finance, Resources and Transformation

Department: Finance

Contact: Caroline Ryba, Head of Finance Email: caroline.ryba@cambridge.gov.uk.

Additional Information: This is a key item and will automatically appear on the agenda.

Background Information: The council will need to borrow to fund capital expenditure in future years. The report provides information on borrowing options available through the UKMBA and recommends that the UKMBA Framework Agreement is approved, enabling the council to borrow from the Agency, if required.

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Agenda items