Without its 350 million town centre plan Oldham Council will still pay out over half a billion in long-term debt and interest repayments over the next 23 years

Oldham Council’s latest statement of accounts show that over the next 23 years they will pay back 555.5 million in PFI loans and interest payments, interest makes up 53.5% of the total repayments. This PFI debt does not include the 350 million of spending the council announced in their new town centre local plan last month.