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. Deal reached after mayor launched legal case against own council
  2. Councils could get powers to suspend members
  3. CCN backs reorganisation
  4. Pennycook: Compulsory purchase to be made 'faster and more efficient'
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