ECONOMIC GROWTH

Council sells assets in bid to raise cash for capital programme

A cash-strapped city council aims to sell £50m of its assets over three years to help fund its £450m capital programme.

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By Dan Peters | 03 March 2015

A cash-strapped city council aims to sell £50m of its assets over three years to help fund its £450m capital programme.

Newcastle City Council recently sold houses, industrial units and a care home at a London auction for £3.9m.

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Dan Peters

Popular articles by Dan Peters

  1. Rayner: Prescott was an inspiration to me
  2. New anti-social behaviour powers planned for councils
  3. Commissioners not ruled out despite envoy appointment
  4. Woking's debt hits £2.1bn
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