Title

HOUSING

EXCLUSIVE: Council development firm could be wound down by 2030

A loss-making development firm formed a decade ago by Cambridgeshire CC could be wound down by 2030.

Aerial view of a sprawling housing development of private bungalows seen in the village of Wimblington, Cambridgeshire. A road bypass can be seen in the distance © Nick Beer

A loss-making development firm formed a decade ago by Cambridgeshire CC could be wound down by 2030.

This Land builds homes and sells council-owned land to private developers after planning permission is granted, but has struggled to make money or pay off loans in excess of £100m.

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