Changes to the capital framework: Minimum Revenue Provision

​​The government is committed to ensuring that the local government capital system is sufficiently robust at constraining risk while still supporting local investment.

As part of its broader strategy to strengthen the capital system, the Department for Levelling Up, Housing and Communities has conducted a series of consultations on amendments to the Local Authorities (Capital Finance and Accounting) (England) Regulations 2003 and the statutory guidance that sets out local authorities' statutory duty to set aside money each year for the repayment of debt, known as Minimum Revenue Provision ("MRP").

This document sets out the government's response to the third and final consultation, and details the amendments made to the regulations and guidance. ​