Covid-19’s continued impact on passenger numbers led to the council company that owns Luton Airport making more than £230m of losses in its most recently published accounts, but the council has...
Administrators have begun selling the assets of a solar investment company to which Thurrock Council lent more than £650m, in order to repay the company’s debts.
Trafford Council has removed a multi-million-pound loan facility for the development of an office campus after the company failed to draw down the finance.
Thurrock Council could be forced to make £2m of cuts this year despite using millions of pounds from its reserves, amid a 10% drop in investment income.
The government is seeking views on whether to retain a statutory override allowing local authorities to exclude changes to pooled investment values from revenue accounts.
Warrington Borough Council is expected to receive all its investment back from its stake in failed energy firm Together Energy, which went bust in January, according to its administrators.
The leader of Portsmouth City Council has suggested that the authority could withdraw its involvement from a community bank in which it has invested £15m, after a “worrying” lack of progress.
Warrington Borough Council has given the green light to on-lend £37.5m to a housing provider, whilst speculation continues over the future of its partly-owned company Together Energy.
Durham County Council has approved plans to fund the expansion of a local science and technology centre, which will be funded through its own resources.
Council investment in land and buildings has dropped for the first time since 2011-12, according to data from the Ministry for Housing, Communities and Local Government.
