Government guidance eases fears of out-of-borough clamp down

By Sam Clayden | 13 February 2018

Fears that ministers would clamp down on councils’ abilities to invest in commercial property outside their local area have been soothed by new Government guidance.

The guidance comes after councils spent £2.8bn of capital finance buying land and buildings in 2016/17 - up from between £800m and £1.2bn between 2012 and 2016 - prompting widespread media criticism of the sector.

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