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Council's housing firm sees profits rise by 18%
Council's housing firm sees profits rise by 18%

Yahoo

timea day ago

  • Business
  • Yahoo

Council's housing firm sees profits rise by 18%

A council-owned housing company has seen its profits rise by 18% in the last year. The profits allowed Labour-run Telford and Wrekin Council to put an extra £302,000 into its budget, a meeting was told. Since Nuplace was formed in 2015 the council has built 608 homes, with a further 276 planned or in delivery. Conservative councillor Rachael Tyrrell said she was supportive of the provision of homes, but added: "The rental yield is well below par." She pointed out the council had spent £93m on the company over the last 10 years. Richard Overton, the Labour councillor responsible for housing, said creating Nuplace in 2015 had been a "bold decision". It was done, he said, to "try to improve the private rented market and offer a good quality tenure," but it had also provided a dividend for the council, its sole shareholder. Labour councillor Nathan England said the council also benefited from more people living in local homes and paying council tax. This news was gathered by the Local Democracy Reporting Service which covers councils and other public service organisations. Follow BBC Shropshire on BBC Sounds, Facebook, X and Instagram. 'Huge interest' in town centre eco-homes Rental homes plan passed amid opposition Telford and Wrekin Council

Telford and Wrekin Council's housing firm sees profits rise by 18%
Telford and Wrekin Council's housing firm sees profits rise by 18%

BBC News

timea day ago

  • Business
  • BBC News

Telford and Wrekin Council's housing firm sees profits rise by 18%

A council-owned housing company has seen its profits rise by 18% in the last profits allowed Labour-run Telford and Wrekin Council to put an extra £302,000 into its budget, a meeting was Nuplace was formed in 2015 the council has built 608 homes, with a further 276 planned or in councillor Rachael Tyrrell said she was supportive of the provision of homes, but added: "The rental yield is well below par." She pointed out the council had spent £93m on the company over the last 10 Overton, the Labour councillor responsible for housing, said creating Nuplace in 2015 had been a "bold decision".It was done, he said, to "try to improve the private rented market and offer a good quality tenure," but it had also provided a dividend for the council, its sole councillor Nathan England said the council also benefited from more people living in local homes and paying council tax. This news was gathered by the Local Democracy Reporting Service which covers councils and other public service organisations. Follow BBC Shropshire on BBC Sounds, Facebook, X and Instagram.

Council to push for closure of Granville Landfill site
Council to push for closure of Granville Landfill site

BBC News

time28-02-2025

  • General
  • BBC News

Council to push for closure of Granville Landfill site

A council has said it will push to have a landfill site closed down, because of complaints about living near the Granville site in Telford, Shropshire, have said there is a "vile eggy odour" coming from a meeting on Thursday, members of Telford and Wrekin Council agreed to write to the government to ask the Environment Agency to "issue a closure notice".The operator, Potters (Midlands) Ltd, has been approached by the BBC, but has yet to respond. The Environment Agency has previously said it was working with the firm to resolve these landfill site closed as a household recycling centre in 2016, but is licensed to operate privately until nearby have complained of having to keep their windows closed to keep the smell out, and that it gets worse in the summer.A motion was put forward by the Conservative councillor for Priorslee, Rachael Tyrrell, calling for the site to be closed down sooner than said it was an important issue, adding that residents had "suffered terribly". Richard Overton, deputy leader of the council, said: "Their voices have been heard, loud and clear."We will be as robust as we can be, but we have no powers to close it ourselves."He said the council was due to meet the Environment Agency to discuss the landfill site next week and that the local councillors could Pallett, who lives in nearby Redhill, said: "If the wind is not blowing, you cannot open your windows."It really is so unpleasant you don't want to be outside."He added that the smell often "lingers" in homes and that Redhill had become notorious" for the smell, putting off would-be Tyrrell said she had received a lot of complaints over the past year from residents who were "fed up".She said there had been a lot of meetings over the issue, but they had failed to resolve the issue, so people in the area just wanted the site closed. This news was partly gathered by the Local Democracy Reporting Service, which covers councils and other public service organisations. Follow BBC Shropshire on BBC Sounds, Facebook, X and Instagram.

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