LOAN APPLICATIONS

The Public Works Loan Board (PWLB) is a lending facility operated by the UK Debt Management Office (DMO) on behalf of HM Treasury. It provides loans to local authorities and other specified bodies from the National Loans Fund, operating within a policy framework set by HM Treasury. This borrowing is for capital projects.

HM Treasury is responsible for the lending policy and setting interest rates for PWLB loans. It can be contacted at pwlb@hmtreasury.gov.uk. 

The facility lends to parish and town councils in England. Applicants must obtain borrowing approval from the Department for Levelling Up, Housing and Communities, which they should approach their County Association for. 

Parish and town councils can find application forms and guidance notes on the DMO website. Applications should be made on form LC1. All documents must be emailed to the PWLB lending facility at pwlb@dmo.gov.uk two weeks before the loan is required. A guidance note LC2 is available regarding applying and the early repayment of loans. Please use the frequently asked questions for any additional information.

For more information, see the following NALC guidance or contact Trevor: https://www.nalc.gov.uk/support/finance-advice/parish-and-town-council-borrowing.html