Tue, 10 Jan 2012 | BUSINESS SALE
£300 million worth of publicly owned property and land are to be put on the market, as the regional development agencies that hold them are to be made defunct.
The extensive property sale includes the former Littlewoods building in Liverpool, the Portsmouth greyhound stadium and Scarborough Fish & Chips shop at Blands Cliff, Scarborough. Land sales include the land joined onto the Edgbaston cricket ground, part of the site of the Durham Tees Valley airport, and an area at the Temple Quay in Bristol.
It is yet to be decided how the cash raised from the sales will be used. There is a debate in Westminster over whether the funds should be put into the public coffers or used to encourage local regeneration.
The Conservatives ordered that the agencies be closed down after the coalition gained power in May 2010.
The agencies had gathered formerly commercial and private properties and brownfield land whilst Labour was in power.
The money will not be put into the Government’s new Local Enterprise Partnerships, Business Minister, Mark Prisk, told the Times newspaper.
He explained, “A better overall value for the public purse will be obtained by drawing funds into a single budget to help all areas meet their objectives in realising the economic benefits from the assets.”
An exceptional opportunity to acquire a thriving, freehold bar and restaurant located in the picturesque Scottish Highlands, presenting a perfect venture for hospitality enthusiasts.
FREEHOLD
An exceptional bar and restaurant in the heart of Fort William presents a unique opportunity for prospective buyers seeking an established venue in a prime location.
FREEHOLD
Opportunity to acquire a heritable interest with a going concern and two apartments in Fort William, renowned as the 'Outdoor Capital of the UK'. Nestled near Ben Nevis and the Nevis Range, the area attracts a bustling community of hikers, climbers,...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.