Debt Snapshot
Eastleigh Borough Council’s short‑term borrowing increased by about £45 million in the last financial year, rising from roughly £235 million at the end of March 2025 to £280.1 million as of 31 March 2026. The council’s total borrowing stands at £620.1 million, of which £340 million is long‑term.
Key Lenders and Terms
The loan register lists lenders ranging from Cornwall Council to the West Midlands Police and Crime Commissioner, as well as combined authorities, pension funds and other councils. The biggest named lender is Cornwall Council, which supplied two £10 million loans: one at 4.20 % due 16 June 2026, and another at 4.38 % due 21 September 2026.
West Yorkshire Combined Authority provided a £15 million loan at 4.15 %, due 15 July 2026. The West Midlands Police and Crime Commissioner lent £15 million at 4.85 %, repaid on 8 June 2026. Other significant lenders include East Midlands Combined County Authority (£15 million across two loans), Oxfordshire County Council (£11 million), East Suffolk Council, London Borough of Bromley, West of England Combined Authority, Guildford Borough Council and Oxfordshire County Council Pension Fund (each £10 million). Additional lenders listed are Havant, Mole Valley, Brentwood, Horsham, Uttlesford, Blackburn with Darwen, Broxbourne, Lisburn and Castlereagh City Council.
Repayments and Interest
The West Midlands PCC spokesperson confirmed the £15 million loan was repaid on time, in line with the PCC’s treasury‑management policy. The council’s external interest bill for 2025/26 was £13.2 million, and it had £611.3 million of loans still to repay, plus £8.8 million in accrued interest.
Broader Borrowing Context
The loans form part of Eastleigh’s £620.1 million total borrowing, not additional debt. They were listed as outstanding on 31 March 2026, meaning some may have since been repaid, renewed or replaced. The register reflects the council’s reliance on a mix of local government and regional bodies to finance its short‑term needs.
