Don't miss a story sign up to the North Devon Gazette's FREE daily newsletter CLICK HERE

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

Jim Wiley and Briony Head with their daughter Evie and as-yet-unnamed baby girl. Picture: Sarah Howells

The Westward Ho! couple put out an appeal on Facebook to try and find kind-hearted stranger who got them home just in time to welcome their baby daughter.

Read more
07:30
A strategy is being developed to help safeguard the future of Barnstaple Pannier Market.

Teenage markets form part of proposals to safeguard future of town’s historic market

Read more
10:23
Seeking out those monster waves is the focus of the new Beneath the Surface documentary.

Exciting Red Bull documentary Beneath the Surface is now available

Read more
09:08
LE William Butler Yeats sets sail. Pictures by Norman Hardaker.

Appledore shipyard has completed its third Irish Naval vessel as it prepares to start work on the next one.

Read more
Yesterday, 14:38
The crash on the North Devon Link Road

Van driver had to be removed from his vehicle on a spinal board after collision on Link Road in May, a court heard.

Read more
Yesterday, 11:17
Clovelly

Fire fighters had to rush to the scene to release the woman after her car lost traction on a steep hill and began rolling backwards.

Read more
Yesterday, 11:15
Adam Clark with the cheque for Children with Cancer UK. Picture: Contributed

Readers track Adam down to present him with cheque for children’s cancer charity

Read more
Yesterday, 09:45
North Devon MP Peter Heaton-Jones

Peter Heaton-Jones appointed Parliamentary Private Secretary in Theresa May’s new government

Read more
Yesterday, 09:30
Exeter Crown Court. Picture by Alex Walton

Judge says activities could have led to ‘serious road accident’

Read more
Yesterday, 09:20
Join Joe Pasquale in Ilfracombe on Friday, August 12.

Funny man at the Landmark with his new show on Friday, August 12

Read more

Local Weather

Partly Cloudy

Partly Cloudy

max temp: 19°C

min temp: 14°C

Most Read News

Great British Life

Great British Life

Useful Links

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

Read Online

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

Newsletter Sign Up

HOT JOBS

Show Job Lists

Local business directory

North Devon's trusted business finder

Find planning applications