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.

article-author
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.

Dan Peters

Popular articles by Dan Peters

  1. Unison members reject pay offer
  2. Fresh calls for fiscal devo
  3. Experts weigh in on Tories' failure to end rough sleeping
  4. SIGOMA: Detach business rates from council finance system

SUBSCRIBE TO CONTINUE READING

Get unlimited access to The MJ with a subscription, plus a weekly copy of The MJ magazine sent directly to you door and inbox.

Subscribe

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

Login

Already a subscriber?

Dan Peters

Popular articles by Dan Peters

  1. Unison members reject pay offer
  2. Fresh calls for fiscal devo
  3. Experts weigh in on Tories' failure to end rough sleeping
  4. SIGOMA: Detach business rates from council finance system
footer-logo

©2024 Hemming Group Limited.

©2024 Hemming Group Limited.