The Public Works Loans Board (PWLB) was established in 1793 to provide loans to public bodies from the National Loans Fund. It today provides loans to local authorities of all types in Great Britain, primarily for capital projects, but also as a lender of last resort.

The members of the PWLB are known as the Public Works Loan Commissioners.

The PWLB is a non-ministerial government department, now managed as part of the UK Debt Management Office, one of HM Treasury's. executive agencies.

References

• http://www.cabinetoffice.gov.uk/ministerial_responsibilities/departments/pwlb.asp

External links

• http://www.dmo.gov.uk/index.aspx?page=PWLB/Introduction

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