PWLB lending facility

Lending Arrangements


The current terms and conditions contained in Operational Circular 163 apply to PWLB lending.

HM Treasury have also issued guidance regarding PWLB lending which will apply to any loan arranged from 26th November 2020. This guidance was updated on 12 May 2022, inserting new paragraphs 12 -17.


Certainty Rate Return Form 2022/23

Under current lending terms HM Treasury requires all major authorities wishing to access PWLB borrowing to have an up to date Certainty Rate Return (CRR), submitted via the DELTA platform. The CRR form captures a high level version of an authorities planned borrowing and capital expenditure and is currently maintained by the PWLB operations team within the Department for Levelling Up, Housing and Communities. Following an internal review and feedback from the sector, the team have made some modifications to the return and published the live version for the next financial year 2022/23 directly onto the DELTA portal.

Authorities have until Friday 29 April 2022 to submit the form detailing their planned borrowing and capital expenditure for the financial years 2022/23 through to 2024/25. The current 2021/22 return will be valid during the transition period, authorities should refer to the PWLB guidance for further information on completing the return and the team can be reached by email at for any additional support.

Authorities will be able to access their return until 31 March 2023, allowing them to make amendments where necessary, or to update plans where forecasted borrowing levels move more than 10%.


All other PWLB related queries should be directed to the DMO via email at

Information regarding concessionary rates is available on the Concessionary Rates page.


Applications for PWLB loans must be made by completing the PWLB electronic template and sending it to the DMO by email only. The electronic template was updated on 12 May 2022.

The template must be completed by an authorised dealer from the names previously notified to the DMO (BOU Team) and sent from an authorised email address.  Non-compliant templates will be rejected.

Completed templates must be emailed to  Normal business hours will continue to apply (i.e. 9.30am to 4.15pm) and only correctly completed email applications received by the DMO between these hours will be accepted. The turnaround time for a PWLB loan is five working days after the loan application (T+5 settlement).

Furthermore, amendments to existing authorisations using the local authority authorisations form or direct debit changes can be emailed to the team using the same email address.  We will confirm the status of your request within 72 hours.



Operational Arrangements

Standing instructions must be in place prior to any borrowing.


Major authorities - for example metropolitan, borough, county, city and combined authorities

New counterparties - please contact to discuss your requirements

Existing Major Authorities may amend their standing instructions by completing the Local Authority Authorisations form.  Once completed, the form must be emailed to


Minor Authorities - for example parish, town councils and community councils and drainage boards

Please refer to Parish Councils and Drainage Boards for further information on applying.

An estimate of repayment costs is available on the Estimated Repayment Costs page.

Please consult the FAQ document for any additional information.