William Eichler 27 August 2024

Cash-strapped Brum sells off £56m of assets

Cash-strapped Brum sells off £56m of assets image
Image: Juan Garcia Hinojosa / Shutterstock.com.

Birmingham City Council has sold off an estimated £56m of assets to help tackle its financial challenges.

Since January the local authority has disposed of properties and land, including a city centre car park and a former children's centre.

The former Wheels site in Bordesley Green where a new Birmingham City FC stadium had been proposed has also been sold for more than £30m.

Other properties which have been sold off since the beginning of year include The Punchbowl in Kinghurst and The Elegance Suite in Nechells, according to the BBC.

The council effectively declared bankruptcy last year, following equal pay claims of up to £760m and an IT system overspend of £80m.

Check out: The financial crisis in Birmingham City Council and Selling the family silver.

SIGN UP
For your free daily news bulletin
Highways jobs

Targeted Early Help Practitioner

Wakefield Council
Grade 7 - Grade 8, 18.5 hours, Temporary
We are looking for an enthusiastic individual to work part of a multidisciplinary team to support the delivery of the Targeted Early Help Wakefield, West Yorkshire
Recuriter: Wakefield Council

Apprentice - Business & Administration

Essex County Council
Up to £14567.00 per annum
Apprentice - Business & AdministrationFixed Term, Full Time£14,567 per annumLocation
Recuriter: Essex County Council

Youth Worker (North/West)

Oxfordshire County Council
£31537 - £34434
About Us We believe in relationships that make a difference and creating the space for young people to feel seen, heard, and supported. If you’re passionate about supporting young people, this is where you belong. The Targeted Youth Support Service (TY Oxfordshire
Recuriter: Oxfordshire County Council

Engagement and Customer Support Officer

Derbyshire County Council
Grade 9 £32,347 - £34,317 per annum
Are you passionate about delivering exceptional customer service and creating engaging communications? Derbyshire
Recuriter: Derbyshire County Council

Engagement and Customer Support Manager

Derbyshire County Council
Grade 11 £39,865 - £43,270 per annum
Are you passionate about delivering outstanding customer service and building strong stakeholder relationships? Derbyshire
Recuriter: Derbyshire County Council
Linkedin Banner