Somerset Council Faces Over £91 Million Loss on Commercial Property Investments
Monday, July 6, 2026
somerset
council
investments
property
losses
commercial
assets
borrowing
sales
debt
Since its establishment in April 2023, Somerset Council has sold 48 commercial properties originally inherited from four former district councils, incurring a total loss exceeding £91 million. The ongoing sales are part of a strategic move to reduce debt and support front-line services amid funding challenges.
The inherited assets—ranging from retail outlets like Marks & Spencer and Wilko in Yeovil, to industrial units and business parks—were initially acquired by the former Mendip, Sedgemoor, Somerset West & Taunton, and South Somerset councils.