The Local Council Report / Capital & debt / Capex to core spend · markdown view

Capex to core spend

ratio · constructed · council-year

This compares the council's spending on building and buying long-term things with the money it spends running day-to-day services. It matters because it shows how big the council's investment plans are relative to its normal size. A high number means the council is building or buying a lot compared with its everyday budget — ambitious, but often funded by borrowing; a low number means investment is modest.

Definition

namecapex_to_core_spend
dataset02-capital-outturn-debt
kindconstructed
typenumeric
unitratio
graincouncil-year
rolefeature
sourcecapex_total / core_spend — EandR1_alltot_expgrandtot (this dataset) divided by RS_netcurrtot_net_exp from 01-revenue-outturn/data/Revenue_Outturn_time_series_data_v3.2.csv; join on ONS_code/year
period2018-19 to 2024-25
missingnessunknown
score_noteSize-normalized but a context measure — big programmes are not per se inefficient.
peer_groupcouncil class (district / county / unitary / metropolitan / London) — not yet scored on the leaderboard

The scale of the capital programme relative to the council's operating size (core net current service spend). It contextualizes debt and financing ratios: a big programme can justify rising debt if matched by grants and receipts. Core spend substitutes for population as the normalizer, and reorganisations break year-on-year comparability.