Published: 4th Feb 2019

Members of Uttlesford District Council in Essex are to meet later this month to discuss borrowing £100m to invest in commercial properties. Councillors will discuss the agreeing to the move in principle at their 2019-20 budget setting meeting on 21 February. The local authority is looking to borrow £100m over three years to invest in commercial property.  Of this, £20m would be allocated to further investment at Chesterford Research Park – in which the council owns a 50% share – and £80m allocated to other investments. Councillors will also be asked to widen the areas in which the council can invest.  At present, it has decided that all investment has to be within the district boundary. Whilst the proposals still give preference to investment for commercial acquisitions within the district, the council would look at investment opportunities within Essex, Hertfordshire, Cambridgeshire and Suffolk should more local opportunities not arise. The … (To read the full article, subscribe below)