Land sale to plug funding shortfall

10:36 05 June 2013

The Civic Centre, Barnstaple

The Civic Centre, Barnstaple

Archant

Council to sell off 18 land and property assets to help maintain capital spending programme.

NORTH Devon Council is looking to sell off surplus assets in a bid to plug a shortfall in government funding.

The council has earmarked 18 assets for potential sale, including land currently used for parking, small plots of grassy, wooded, garden and unkempt areas, as well as some buildings.

The Executive committee met yesterday (Tuesday) to approve proposals for land in Braunton; Fremington; Umberleigh; South Molton; Mariansleigh; Barnstaple; West Down; Ilfracombe; and Filleigh.

Deputy leader Cllr Rodney Cann said that while some assets were of nominal value, others could potentially be ‘very valuable’ depending on the markets.

He said: “I am sure that given the right circumstances, we could be sitting on a significant funding pot here.

“It’s impossible to put a value on it until we take it to the market but we could be sitting on a nice little earner.

“There are parcels of land that we have been talking about disposing of for several years and now is the time to get our act together and go to the market to test it.

“Some will add tremendous value to nearby landowners while others could add very little value.”

Cllr Cann said the sale of land would help the council to maintain the capital spending programme.

“We need to reinvest in areas where we are desperately short of cash because of government cutbacks,” he added.

The council’s government grant for 2013-14 is £5.6million – £2.7million less than in 2010-11.

Its revenue budget for this year is £12.1m, compared with £15m in 2010-11.

Steve Hearse, interim head of financial services, said: “Following this reduction in budget the council is looking at every opportunity to save money, work more efficiently and generate income.

“One way of doing this is disposing of assets that are not being used or that are not economic to hold on to.

“The action that we decide to take needs to be balanced with our ability to provide services at a standard our residents expect.

“While services haven’t been affected to a great degree up until now with further cuts expected the council cannot guarantee that they will not have to make changes in the future.”

0 comments

Other News Stories

11:16
Susan Wallis, chief executive of North Devon Against Domestic Abuse, said the charity was delighted with the award. Picture: Submitted

Charity wins top award despite losing out on council funding to run the service.

Read more
29 minutes ago

Young people sprayed from passing car with ‘aggravating’ mysterious liquid

Read more
33 minutes ago
Chivenor's Sea King was called to assists an injured paraglider on Saturday afternoon. Picture: Andy Keeble

RAF Sea King helicopter called following mid-flight incident.

Read more
13:35
Somersault was quiet by policing standards. Picture: www.andycaseyphotography.co.uk

Police salute 12,000 revellers who enjoyed an arrest-free Somersault, with few crimes reported

Read more
Jordan Cooper of Tails to Trails is calling on dog owners to be more responsible

Owners of dogs which aren’t good with people or other dogs urged to wear something yellow in new campaign.

Read more
Barnstaple Library.

Councillors question whether there is a need to move North Devon Records Office from Barnstaple Library.

Read more
North Devon Magistrates' Court.

North Devon Magistrates Court heard how slurry was spread illegally and stream was dammed to collect water for nearby reservoir.

Read more
11:45
Bideford's Devon Hall was packed for the sell out gala charity concert, organised by Bideford Freemasons. Picture: Submitted

Bideford’s Devon Hall packed to the rafters for Freemasons’ musical extravaganza.

Read more
Yesterday, 16:31
Starr the duck with Barry Hayman. Picture: Andy Keeble

Chulmleigh Old Fair is now in full swing and runs until Sunday (August 2).

Read more
Yesterday, 14:31

Police are appealing to find offenders who broke into home on Exeter Road and took cash from safe - including £11,000 in £50 notes.

Read more

Local Weather

Partly Cloudy

Partly Cloudy

max temp: 16°C

min temp: 8°C

Most Read News

Great British Life


Great British Life

Advertise in the paper
Submit a Story
Subscribe to the paper
Competitions
North Devon Football League
Order Photos
Family notices
iwitness24
Facebook
Twitter
Google Plus Page
Reader Travel

Family Notices 24

Digital Edition

Image
Read the North Devon Gazette e-edition today E-edition



North Devon's trusted business finder