Council chiefs claim the reasoning for the borrowing is for capital projects which will improve the city and generate income.
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Stoke-on-Trent has been shortlisted as one of 10 city regions to receive a share of £840 million to upgrade publictransport links.
Stoke-on-Trent City Council have today announced a multi-million pound investment for the roads around the city.
A total of £10.7m is going to be spent on road networks this financial year, with a further £3.4m in the pipeline for the future.
Charities will benefit from a new scheme which was launched today (April 11) by Stoke-On-Trent City Council.
Potto Lotto is a new online weekly lottery, which is in aid of good causes in the area, that need additional funds.
Masterplans for the future of Swift House have been announced at a conference in France this week (March 14).
Swift House, which sits next to Stoke-on-Trent railway station, currently houses a small number of city council and private sector staff.
Stoke-on-Trent Central MP Gareth Snell, has criticised Stoke-on-Trent City Council for their budget plans for the oncoming year.
In a letter co-written with Stoke-on-Trent North MP Ruth Smeeth, they stated that the council is ‘spending their cash reserves at a far greater pace than would ordinarily have been expected’.
Stoke-on-Trent City Council are to invest £55 million between 2017 and 2020 in the authority’s housing company Fortior Homes. The company is looking to establish a stock holding of more than 400 homes and generate a regular income for the council via dividend payments, as well as increase its council tax base…
Roadworks on one of Stoke-on-Trent’s busiest roads is causing traffic havoc for regular users of a leisure centre and nearby High School.
Stoke-on-Trent City Council have announced a £1 million commitment to the repair and improvement of the city’s waterways.
Stoke-on-Trent City Council have revealed a four-week local development plan for new homes and jobs for the city.