ELDC has £20 million

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The balance of East Lindsey District Council’s various investment accounts currently stands at £20.72 million according to the authority’s latest financial report.

All the money is parked with a range of UK institutions, the largest being the £4.99 million held in an account at the NatWest which is part of the RBS Group.

ELDC uses the interest to peg down increases in council tax bills.