Somerset Council Sells £90m in Assets and Plans £35m More Amid Financial Crisis 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
Somerset Council's Asset Sell-Off to Balance Budget 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
Somerset Council Faces Financial Emergency, Plans to Sell Landmark Buildings 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