Latest Public Sector News

17.07.18

Council invests £23m in ‘secret’ housing deal to avoid London gazumping

Canterbury City Council has announced an investment of £23m in social housing in a deal that was conducted “behind the scenes” over fears of the deal being highjacked by wealthier London boroughs.

The council will convert 44 properties that it bought freehold into 63 self-contained, affordable flats and houses off Sturry Road. There will be a total of 132 bedrooms with plenty of living space and modern facilities.

Negotiations were taken forward in secrecy to avoid that richer London boroughs, which have reportedly been buying properties all over Kent, did not get in ahead of the city council.

The purchase will be part-funded by money raised from homes sold under the Right to Buy scheme. Other funding will come from the council’s housing reserve, with the rest made up by a loan.

Council leader Cllr Simon Cook said: “This deal has been a long time coming and is the result of a great deal of hard work by officers behind the scenes. We have not been able to talk about this earlier for fear of being gazumped by those with deeper pockets than our own.

“These properties, which are close to the city centre, will provide a massive boost in the number of socially-rented homes across the district. Local people tell us affordable housing is one of their key priorities and high house prices and market rents are an issue.

Top image: kbwills via iStock 

 

Enjoying PSE? Subscribe here to receive our weekly news updates or click here to receive a copy of the magazine!

Comments

There are no comments. Why not be the first?

Add your comment

 

related

public sector executive tv

more videos >

last word

Prevention: Investing for the future

Prevention: Investing for the future

Rob Whiteman, CEO at the Chartered Institute of Public Finance (CIPFA), discusses the benefits of long-term preventative investment. Rising demand, reducing resource – this has been the r more > more last word articles >

public sector focus

View all News

comment

Peter Kyle MP: It’s time to say thank you this Public Service Day

21/06/2019Peter Kyle MP: It’s time to say thank you this Public Service Day

Taking time to say thank you is one of the hidden pillars of a society. Bei... more >
How community-led initiatives can help save the housing shortage

19/06/2019How community-led initiatives can help save the housing shortage

Tom Chance, director at the National Community Land Trust Network, argues t... more >

interviews

Artificial intelligence: the devil is in the data

17/12/2018Artificial intelligence: the devil is in the data

It’s no secret that the public sector and its service providers need ... more >

the raven's daily blog

Utilising data to best deliver meaningful public services

14/11/2019Utilising data to best deliver meaningful public services

Public Sector Executive’s Matt Roberts explains how living in a modern, interconnected world, as we do, means public sector organisations cannot afford to ignore the rol... more >
read more blog posts from 'the raven' >

editor's comment

25/10/2017Take a moment to celebrate

Devolution, restructuring and widespread service reform: from a journalist’s perspective, it’s never been a more exciting time to report on the public sector. That’s why I could not be more thrilled to be taking over the reins at PSE at this key juncture. There could not be a feature that more perfectly encapsulates this feeling of imminent change than the article James Palmer, mayor of Cambridgeshire and Peterborough, has penned for us on p28. In it, he highlights... read more >