Debt relief and asset recovery tracker

Woking: £500m government commitment

Committed for 2026/27

£500m

Repayments confirmed

1 and 3 September 2026

Amount paid / remaining

Not disclosed in cited answer

The commitment was announced on 28 October 2025. The minister’s 8 September 2026 answer confirms the first two payments towards PWLB loans and says repayments will continue through March 2027. It does not give amounts for those payments, so a cash total or percentage complete cannot yet be calculated from that answer. Woking debt repayments: ministerial answer (8 September 2026).

Next evidence needed: amounts and loan references for each repayment, reconciled to the council’s borrowing balance.

Spelthorne: refinancing completed in November 2025

On 24 November 2025, the council reported a £342m refinancing discount and outstanding loan debt of £715m. This supersedes indicative discounts used in earlier proposals. The discount is a reduction in loan liabilities, not an asset-sale receipt or a Woking government grant. £715m is a dated transaction snapshot, not a verified September 2026 balance. Spelthorne strengthens long-term financial position (24 November 2025).

Next evidence needed: subsequent repayments, borrowing and asset proceeds, together with the effect of shorter maturities and interest costs.

Woking town-centre assets: disposal approach approved

The 11 June 2026 Executive minutes record a revised approach: Victoria Square assets would be marketed together, with Wolsey Walk, Export House and ThamesWey Residential holdings handled separately. The arrangements include retaining car-park operations and income through leases. This is evidence of a disposal decision, not proof of a completed sale. Woking Executive: revised asset disposal approach (11 June 2026).

Next evidence needed: completion date, purchaser, gross price, selling costs, retained liabilities and the amount actually applied to debt. These entries will need updating when completion evidence is available.