Council firm loses millions of pounds

By Chris Mahony | 02 November 2021

A property development firm established by Cambridgeshire CC to provide a new revenue stream lost £3.4m last year.

Ahead of the expected publication of a review into the operation of This Land, which was established in 2016 to secure planning permission and build homes on land bought off the council, company accounts revealed net losses fell from £11.8m in 2019 but net liabilities increased by £1.5m to £14.1m.

Want full article access?


Receive The MJ magazine each week and gain access to all the content on this website with a subscription.

Full website content includes additional, exclusive commentary and analysis on the issues affecting local government.

`

Already a subscriber? Login

Business Finance Housing Commercial investment Investment
Top

THE MJ AWARDS TABLE BOOKING

x

Open Now

Join your colleagues as we celebrate local governments brightest stars from the last 12 months.
BOOK NOW

theMJ Awards