About LGFA

The New Zealand Local Government Funding Agency (LGFA) is a Council-Controlled Organisation (CCO) operating under the Local Government Act 2002. 

LGFA specialises in financing the New Zealand local government sector, the primary purpose being to provide more efficient financing costs and diversified financing sources for New Zealand local authorities and council-controlled organisations. LGFA was established to raise debt on behalf of local authorities on terms that are more favourable to them than if they raised the debt directly.

In this section

  • Enabling legislation

    LGFA was incorporated as a limited liability company under the Companies Act 1993 on 1 December 2011, following the enactment of the Local Government Borrowing Act 2011.
  • Our story

    Several attempts to establish a collective borrowing vehicle for the local government sector in New Zealand were made in the 1980s and 1990s.

  • Governance

    The LGFA governance structure comprises the New Zealand Government (20%) and thirty councils (80%), the LGFA Shareholders Council and the LGFA Board of Directors.

  • Risk management

    LGFA recognises that an effective risk management framework is a critical part of its business structure.
  • Our purpose and values

    Benefiting local communities through delivering efficient financing for local government.
  • Careers

    No current vacancies

  • Useful links

    Useful resources to help you learn more about New Zealand, the New Zealand local government sector and our international counterparts.