ABSTRACT
The development of some local authority services for the elderly involves the provision of buildings, the capital cost of which is often met by borrowing, though some smaller developments, such as extensions to existing homes for the elderly may be financed from revenue. A small amount may also come from donations and gifts. This chapter discusses the ways in which decisions are taken on what capital investment is to go forward each year and how it is to be financed. The central government is deeply involved in the control and guidance of capital investment, and so the role of central departments is also discussed.
