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.