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

Why site accommodation matters in local authority project delivery

Effective site accommodation can support safety, workforce wellbeing and delivery across council construction projects, says Iain Davidson, Wernick Hire.

Most Popular News

Post-war housing estates blocking city growth, think tank warns

Reform UK expels three candidates after BNP links uncovered

English council data breaches up 53%

London faces loss of 42,000 homes from development pipeline

Temporary accommodation 'unfit for human habitation', warn MPs

New Products

Safeguarding Children - the AAT Way

MSL enhances hygiene auditing with air quality testing for Awaab’s Law compliance

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

Case Studies

Acrospire Delivers Durable Handrail Lighting Upgrade for Historical Landmark Jacob’s Ladder

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

Company Anouncements

Vent-Axia Welcomes the Future Homes Standard as Competency Takes Centre Stage

Apricorn Becomes First and Only Hardware-Encrypted USB Storage Device Manufacturer to Achieve AS9100 Certification

AAT helps Councils step up to address children’s social care

CU Phosco Approved as a Crown Commercial Service Supplier

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

Head of Early Years and Early Help

£90,126 - £98,319

Merton is an Ofsted rated ‘Outstanding’ authority—yet it is our ambition, our humility, and our drive to keep learning that truly define us. Merton, London (Greater)

Recuriter: London Borough of Merton