East Riding of Yorkshire Council flags £119m borrowing need for treasury and capital finance
East Riding of Yorkshire Council reported strong treasury returns and said it will need to finance a built-up £119m capital borrowing requirement externally. The committee also noted no long-term borrowing was undertaken and that the first tranche may be looked at toward the tail end of this year.
East Riding of Yorkshire Council · Yorkshire and the Humber · 31 July 2026
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the built-up borrowing requirement in relation to capital expenditure is 119 million at the end of March 2026. So that's something that we'll be looking to finance externally through borrowing at some point over probably the tail end of this year
Also said in the meeting
“the council achieved an average return on investment of 4.36% ... and it's generated some 6.3 million in interest receipts for the council.”
“we didn't undertake any long-term borrowing ... we've saved costs of ... around 6 million pounds on interest costs”
What we know
- The council reported an average investment return of 4.36% and said this generated £6.3m in interest receipts.
- It said no long-term borrowing was undertaken during the period, with borrowing delayed and funded through balances.
- The committee stated the built-up borrowing requirement linked to capital expenditure was £119m at the end of March 2026.
Why this is a signal, not noise
The committee gave a specific borrowing value and a likely timeframe, but did not name a procurement route or tender date.
Tags
Source
Audit Risks and Savings, 31 July 2026
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How a supplier could follow up
- Monitor the council's treasury management and capital finance updates for any indication of borrowing structure, term, or adviser support.
- Watch for a future decision covering external borrowing, since the committee said the first tranche may be looked at toward the tail end of this year.
- Review whether any related financial advisory, debt management, or treasury support is procured through an existing framework or a direct appointment.
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