Assets

Saturday, December 13, 2025 somerset council budget finance savings transformation audit overspend government assets

Somerset Council is grappling with a severe financial crisis, facing a staggering £73 million budget gap that threatens its future viability. Councillors and auditors alike have warned that without urgent action, the council … Read More

Tuesday, November 25, 2025 somerset weston-super-mare eastfarm council landsale redevelopment agriculture housing finance assets

Somerset Council is set to sell East Farm in Lympsham, near Weston-super-Mare, as part of a wider effort to improve its financial situation. The farm, which spans approximately 79.5 acres—equivalent to about 45 football … Read More

Tuesday, July 15, 2025 somerset council assets investment financial socialcare property sales vacancy tenants

Somerset Council sold over £90 million worth of assets last financial year and plans to generate an additional £35 million through further sales by March 2026. The council has been grappling with a financial emergency since … Read More

Thursday, August 15, 2024 somerset council assets budget sale car park housing antisocial behavior redevelopment property

Somerset Council has unveiled plans to sell off various underutilized assets, including a council-owned car park, in a bid to balance its budget. The decision, made during the annual budget discussions in February, is … Read More

Monday, July 22, 2024 somerset council funding assets sale landmark buildings financial emergency disposal

Seeking to address a staggering £80m funding gap for the current financial year and a projected £100m budget shortfall for 2025/2026, Somerset Council is considering the sale of landmark buildings and other assets. The … Read More