Help to Buy – Wales Shared Equity Scheme »This shared equity loan will make up the shortfall between the purchase price of a property and the funding available to buyers through their cash deposit and mortgage offer.Learn more »
“Draft Wales Bill an important step forward” – Jane Hutt
Finance Minister Jane Hutt today welcomed the publication of the draft Wales Bill and said it was an important step forward towards Wales acquiring new financial powers.
- Welsh Government supports £7.5million investment in Ceredigion that will create 200 jobs
- New Common Agricultural Policy: Minister makes first in series of important decisions for Wales
- “Draft Wales Bill an important step forward” – Jane Hutt
In this section
- Business and economy
- Children and young people
- Culture and sport
- Education and skills
- Environment and countryside
- Equality and diversity
- Health and social care
- Assisted Areas in Great Britain 2014-2020 - Stage 2
- Changes to the Glass Packaging Recycling Target to 2017
- Making the most of every drop - A consultation on reforming the water abstraction management system
- Our Qualifications - Our Future: Consultation on proposals to establish a new qualifications body for Wales
- The Public Service Workforce
Featured consultation »New guidance for the Risk Assessment of Walked Routes to School
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In this section
Section highlightThe Housing (Wales) Bill
The Bill will introduce significant improvements across the housing sector to ensure that people have access to a decent, affordable home and better housing-related services.
Legislative programme 2013 - 2014 »
The First Minister detailed the 8 bills in the Welsh Government’s 5-year Legislative Programme that will be brought forward during the 3rd year of the Welsh Assembly.Learn more »
Section highlightProject pipeline update - December 2013
This Wales Infrastructure Investment Plan annex highlights planned investments and potential procurement opportunities.
Final Budget 2014-15 »
The amount of funding allocated to Welsh Government Departments for 2014-15 is £14.9bn.Learn more »
- Statistics & Research
Upcoming calendar »
See the schedule for all statistics and research releases.
Finance and funding
The Welsh Government provides most of the funding for local authorities in Wales, including:
- unitary authorities (the county and county borough councils)
- police authorities
- national park authorities
- fire and rescue authorities.
The funding for local authorities comes from a number of sources. The largest component of funding comes from the Welsh Government through grants that can be used by the authorities for any purpose they choose in delivering the services for which they are responsible. These grants are known as non-hypothecated grants and include the largest single grant they receive, the Revenue Support Grant.
The Welsh Government also provides funding to local government in the form of hypothecated grants. These grants can only be used for the specific purposes for which they are provided.
In addition to the funding authorities receive from the Welsh Government, they receive some hypothecated grants from other government bodies. They also receive income from nationally set non-domestic (business) rates and from locally set council tax.
Local authorities also receive grants from the Welsh Government for capital spending. In addition, they can determine how much they can afford to borrow based on a prudent assessment of their finances using professional codes of practice. The primary and secondary legislation (made by the National Assembly for Wales) provides the broad framework for the ‘prudential system’ but the system places the emphasis on local authorities planning their needs for capital expenditure in a sensible and long term way based upon sound management of assets and finances.