INFRASTRUCTURE

Councils' reserves to set up building firm

Newcastle City Council is to set up its own trading company as three local authorities in Suffolk discuss going into the building business.

By Jamie Hailstone | 03 November 2015

Newcastle City Council is to set up its own trading company as three local authorities in Suffolk discuss going into the building business.

Cabinet members in Newcastle gave the green light on 28 October to plans to create a trading body, provisionally called NewCo, which will allow council services to trade commercially.

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Popular articles by Jamie Hailstone

  1. Are STPs delivering the change agenda?
  2. It's all about relationships
  3. Turning challenges into opportunities
  4. Frugal authorities may be left exposed to more cuts
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