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

Autumn Budget Insights: The local government balancing act

Jonathan Werran, chief executive of Localis, explores how the Chancellor’s fiscal choices could shape local growth and investment for years to come.

Most Popular News

Birmingham City Council’s S114 notice under scrutiny

Multi-million-pound redundancy bill in shake-up of Worcestershire councils

'We need urgent clarity on redundancies funding,' warn ICB leaders

EXCLUSIVE: Reorganisation should be last resort, says Unison boss

Dozens of missing child asylum seekers unaccounted for in Kent

New Products

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

ShuttleID launches 90-day free trial for local authorities

New steps to keep tenants safe

Case Studies

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

Croydon Council selects integrated corporate GIS to improve efficiencies

Company Anouncements

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

CU Phosco Becomes Sustaining Member of DarkSky UK to Champion Better Night-Time Lighting

Yorkshire schools SuDS partnership boosts flood resilience

Airtech Helps Landlords Comply with Awaab’s Law

School Crossing Patrol

£12.85 - £13.47 per hour

Do you have half an hour to spare in the morning or afternoon? Selby, North Yorkshire

Recuriter: North Yorkshire Council

School Crossing Patrol

£12.85 - £13.47 per hour

Do you have half an hour to spare in the morning or afternoon? Selby, North Yorkshire

Recuriter: North Yorkshire Council

Licensing Support Officer

The Royal Borough of Windsor & Maidenhead

£24,895 to £28,132 per annum

This is an excellent opportunity for an enthusiastic Licensing Support Officer to join our Licensing team. Maidenhead, Berkshire

Recuriter: The Royal Borough of Windsor & Maidenhead

Financial and Commercial Systems and Data Manager

£59,008 - £62,422 per annum

What You'll Do In this pivotal role as Financial and Commercial Systems and Data Manager, you’ll lead the development and optimisation of data-driven processes that power smarter decision-making. From championing analytics and automation to ensuring ro Oxford

Recuriter: Oxfordshire County Council