Mark Conrad 26 February 2024

Thurrock boosted by £500m after sale

Thurrock Council has received £510m in payments following the sale of Toucan Energy Holdings – the firm that triggered a section 114 notice when it collapsed.

The Essex-based unitary unloaded Toucan’s 53 solar farms to Schoders Greencoat for around £700m, but, after meeting the company liabilities, the sale will only reduce Thurrock’s debt position by just over £500m.

Visit The MJ to continue reading.

#Debt #Whitehall #Finance #Business #S114

Analysis

10 ways councils are making budgets go further

Discover 10 ways councils are stretching budgets further, from digital transformation and energy efficiency to community partnerships and data-driven decision-making.

Opinion

Without reform, no Budget can fix local government

Joanne Pitt, CIPFA Senior Policy Manager, argues the Autumn Budget must pair funding decisions with long-term reform to secure local government’s future.

Most Popular News

‘Toxic’ 15-minute city phrase cut from Oxford local plan

£2.8bn wages hike looms amid unions pay demands

Reform council chair resigns following illegal HMO operations

Councils targeted by pro-Russia hackers

WhatsApp probe finds councillors in breach of code of conduct

New Products

Cadcorp launches Mapestry

Bolton Council Upgrades 120+ School Crossings with Smart CMS Control by Lucy Zodion

NEC CONTRACTS HAS GONE DIGITAL: PAPERLESS, TO GIVE YOU MORE

Vent-Axia Delivers Social Housing a Smart Ventilation Solution Ahead of Awaab’s Law

New remotely lockable cabinet will help manage medication for people with mental health issues

UK-first tool developed by Bluesky scores areas green credentials to aid urban planners

New partnership drives improved air quality and healthier homes in social housing

Case Studies

Acrospire Delivers Seamless Heritage Lighting Upgrade on Bath’s North Parade Bridge

Acrospire Delivers Retrofit Lighting for Newbridge’s Joe Calzaghe Footbridge

Acrospire Delivers PIR-Controlled Lighting at Ruislip Lido Car Park

Spennymoor Market Place and Consett Middle Street revitalised using Thorn Lighting’s Thor Lanterns and Customisable Gobo Projectors

Acrospire Partners with Bath & North East Somerset Council to Illuminate Historic Film Location with LED Upgrade

Believ to install 22 charge points across Redcar and Cleveland

Acrospire Enhances Harlington Underpass with Energy-Saving Vandal-Resistant Lighting

Company Anouncements

Acrospire triumphs at the 2025 HEA Awards with Sustainable Project of the Year

TRT Lighting retrofit helps Lincolnshire County Council cut street lighting energy use by over 65%

Vent-Axia Welcomes Healthy Homes Standard

Vent-Axia Helps Tackle Condensation and Mould this World Ventilation Day

Airtech Calls For Urgent Government Action to Support Radon Awareness Week

Vent-Axia’s New Smart Fan Helps Landlords Stay Ahead of Awaab’s Law

Lucy Zodion recognised as sustainability leader with Build Back Better GREEN Award for HAWK3

Director of Social Work and Social Care

£100,731 to £104,625

You will join a values-driven senior leadership team, providing visible and responsive leadership. Manchester

Recuriter: Trafford Council

Housing Ombudsman

£130,095 per annum, negotiable based on experience.

The Housing Ombudsman Service allows colleagues to choose if they wish to work in the London office, from home or a hybrid of the two London (Greater)

Recuriter: Housing Ombudsman Service