Somerset Council has revealed losses exceeding £91 million on its inherited commercial property investments, with further declines anticipated as the council continues to divest assets. Since its establishment in April 2023, …
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 …
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 …
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 …
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 …
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 …