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The Public Works Loan Board (PWLB) (Welsh: Bwrdd Benthyciadau Gwaith Cyhoeddus) is a statutory body of the UK Government that provides loans to public bodies from the National Loans Fund. The members of the PWLB are known as the Public Works Loan Commissioners.



The PWLB was established an ad hoc basis in 1793, and was originally known as the Exchequer Loan Commissioners. The PWLB was put on a statutory basis by the Public Works Loans Act 1875.[1]

Since July 2002 it has been managed as part of the UK Debt Management Office, one of HM Treasury's executive agencies.


The PWLB provides loans to local authorities of all types in Great Britain, primarily for capital projects.

Eligible bodiesEdit

Further readingEdit

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