Published: 29th Jul 2019

The leader of Basildon Council has called for a £100m boost to its investment fund to buy up sites in the town centre. Members of the policy and resources committee agreed last week to increase to council’s commercial and strategic acquisition strategy in a bid to fast-track its regeneration plans for the town centre. ‘In order to acquire assets, it is recommended that a mechanism be put in place to enable the council to react quickly and commercially to land and property opportunities,’ the report to councillors states. ‘Without this the council is at risk of missing strategic opportunities or not achieving best value for money through negotiations.’ The council leader, Cllr Gavin Callaghan said it was ‘committed to regeneration on a scale we haven’t seen’ in Basildon for 70 years. ‘By putting £100m on the table for investors to see, we are signalling our clear intent. Basildon council means … (To read the full article, subscribe below)