Copeland council debt
District council, England. This council no longer exists; its last figures are for Mar 2023.
Financial distress
- Exceptional Financial Support for 2021-22: £1.5m agreed by the government, allowing the council to borrow or sell assets to balance its budget.
- Exceptional Financial Support for 2022-23: £1.5m agreed by the government, allowing the council to borrow or sell assets to balance its budget.
Sources: GOV.UK Exceptional Financial Support; section 114 notices as listed in Section 114 notice (Wikipedia).
Copeland debt over time
Outstanding borrowing at each date, Mar 2010 to Mar 2023.
What Copeland spent capital money on
Councils borrow to pay for capital spending: buildings, roads, housing, loans to their own companies, commercial property. Capital spending by service in each financial year, and how much of it was paid for by new borrowing, 2018-19 to 2022-23.
| Year | Capital spending | Borrowed | Biggest items |
|---|---|---|---|
| 2022-23 | £8.8m | £4.7m | Environment and waste £3.5m, Planning and regeneration £2.0m, Commercial property and companies £1.5m |
| 2021-22 | £3.7m | – | Central services and corporate property £1.7m, Commercial property and companies £942k, Housing £871k |
| 2020-21 | £5.5m | – | Central services and corporate property £2.5m, Commercial property and companies £2.1m, Housing £573k |
| 2019-20 | £7.1m | – | Central services and corporate property £5.1m, Environment and waste £1.4m, Housing £472k |
| 2018-19 | £2.3m | £534k | Housing £832k, Environment and waste £561k, Central services and corporate property £505k |
"Borrowed" is new borrowing and credit used to finance that year's spending; it can exceed the spending when a council borrows to cover earlier costs or, with government permission, day-to-day losses. Source: MHCLG capital outturn (England, from 2018-19); StatsWales capital outturn (Wales). Not yet available for Scotland and Northern Ireland.
Copeland debt by year
| Date | Debt | Investments | Net debt | Per person | Population | Debt cost |
|---|---|---|---|---|---|---|
| Mar 2023 | £5.0m | £20.8m | £0 | £70 | 70,979* | £452k |
| Dec 2022 | £5.0m | £38.4m | £0 | £70 | 70,979* | £379k |
| Sep 2022 | £5.0m | £45.3m | £0 | £70 | 70,979* | £379k |
| Jun 2022 | £5.0m | £49.4m | £0 | £71 | 70,596* | £379k |
| Mar 2022 | £5.0m | £33.0m | £0 | £71 | 70,596* | £379k |
| Dec 2021 | £5.0m | £45.6m | £0 | £71 | 70,596* | £378k |
| Sep 2021 | £5.0m | £47.2m | £0 | £71 | 70,596* | £378k |
| Jun 2021 | £0 | £52.8m | £0 | £0 | 70,250* | £378k |
| Mar 2021 | £5.0m | £31.6m | £0 | £71 | 70,250* | £378k |
| Dec 2020 | £5.0m | £46.0m | £0 | £71 | 70,250* | £0 |
| Sep 2020 | £5.0m | £52.4m | £0 | £71 | 70,250* | £0 |
| Jun 2020 | £5.0m | £60.1m | £0 | £71 | 70,395* | £0 |
| Mar 2020 | £5.0m | £29.2m | £0 | £71 | 70,395* | £0 |
| Mar 2019 | £5.0m | £26.9m | £0 | £71 | 70,459* | £390k |
| Mar 2018 | £5.0m | £25.9m | £0 | £71 | 70,511* | £377k |
| Mar 2017 | £5.0m | £39.1m | £0 | £71 | 70,700* | – |
| Mar 2016 | £5.0m | £59.7m | £0 | £71 | 70,701* | – |
| Mar 2015 | £5.0m | £38.6m | £0 | £71 | 70,687* | – |
| Mar 2014 | £5.0m | £25.7m | £0 | £71 | 70,659* | – |
| Mar 2013 | £5.0m | £18.5m | £0 | £71 | 70,724* | – |
| Mar 2012 | £5.0m | £18.9m | £0 | £71 | 70,792* | – |
| Mar 2011 | £5.0m | £18.9m | £0 | £71 | 70,629 | – |
| Mar 2010 | £5.0m | £19.6m | £0 | £71 | 70,662 | – |
* Population estimated: ONS no longer publishes it for this council.