Folkestone & Hythe District Council sets aside £188,000 a month for debt
Folkestone & Hythe District Council has taken on £38 million in borrowing from other local authorities to fund its flagship Otterpool Park development – even though [...]
MRP
Kent councils with the biggest debts
Several Kent councils have significantly increased their debt levels in recent months, raising concerns about the potential impact on local services and the local economy. [...]
Council set to borrow £90m to fund New Leisure Centre, Otterpool Park & FOLCA 2
Folkestone & Hythe District Council is set to borrow £90m on three capital projects which include £58m on Otterpool, £23m on a new lesiure centre and £7.5m on FOLCA [...]
Council debt repayments soar by 59% in single year.
Folkestone & Hythe District Council debt repayments increased by 59% between 2021/22 and 2022/23. At of March 31, 2023 the total debt repayment stood at £3.263m. The [...]
Interest payments on Council debt costs to rise by 88% in 2022/23.
Folkestone & Hythe District Council, like all other Council’s can only borrow against future revenue streams, as legislation prohibits borrowing against capital [...]