Council flogs land to raise £1m
Swansea City & CC has sold a former school site, its old transport depot and two acres of land to raise more than £1m.
Creating conditions for empowered communities
Cllr Clare Coghill urges councils to think before they sell off old buildings or parks. There might be members of the community with the drive and vision to transform it.
What’s on the box?
Times are tight for local government and we all know selling off assets is a great way of getting quick cash.
Cash-strapped councils are in need of a lending hand
It is now more important than ever for councils to be given greater borrowing freedoms if they are to rescue their beleaguered budgets, writes Rob Whiteman.
London borough faces legal review of regeneration vehicle
Haringey LBC is facing a possible judicial review of its controversial decision to transfer £2bn in assets to a public-private regeneration vehicle.
Push to pool more assets could lead to LPP expansion
The Local Pensions Partnership (LPP) is open to expanding in order to pool more assets beyond the £14bn already committed, The MJ understands.
Tenants urge council to ditch partnership plan
Haringey LBC tenants have urged the authority to ditch its planned ‘hand over’ of £2bn in assets to a public-private partnership.
Active fund management 'expensive folly'
Active fund management of the local government pension scheme’s (LGPS) assets has been an ‘expensive folly,’ a new report has claimed.
Transferring the power to change
Transferring council assets to the community can offer new opportunities to transform outcomes. Abby Gilbert examines the results of a new survey of council officers and investigates where local authorities are already undertaking innovative work
Innovative housing management – the key to a thriving community
Residents must be recognised as a valuable asset to councils, says John Gibson
Funds scorn boycott proposal
Local government pension funds have spoken out against the prospect of legislation to prevent them from divesting on political or ethical grounds.
One Public Estate
The One Public Estate has proved one size does not fit all on asset management, says Clive Bleasdale
Capital spend warning for councils
Auditors have warned the risks from shifting council investment in capital programmes must be better understood by the Government.
An asset to local government
With councils set to come under far greater scrutiny under the Housing & Planning Act, Kristian Scholfield considers how authorities can use assets creatively to lever economic growth
Government reassurance after pensions petition
Councils will not be forced to invest their pension funds into infrastructure schemes, the Government has confirmed.
Green light for pension poolers
Two local government pension schemes have been given the green light by the Financial Conduct Authority (FCA) to pool their assets.
Councils must detail flog off plans
Councils will have to develop a dedicated strategy document to show how they plan to use the proceeds of selling surplus assets.
Diary doesn’t want to come across as a frightful snob, but we could not help raise an eyebrow when we received an email from Carlisle City Council about a deal to bring a major retailer into a shopping centre.
‘Think very carefully before you borrow for MBA,’ councils told
Councils have been urged to think carefully before agreeing the paperwork that would allow them to borrow from the Municipal Bonds Agency (MBA).
Land of hope and glory?
Christopher Plumley examines local authorities’ use of property assets and encourages us to polish the family silver – not sell it