The government has ruled out transferring regional development agency land assets to local government when the agencies wind up next year. A statement from the department for Business, Innovation and Skills said: ‘It would not be appropriate for RDAs to transfer assets to local authorities or other bodies’ for payment at a later date’. The ‘other bodies’ is likely to include new local enterprise partnerships, many of whom were banking on cut-price sales of assets. Local authorities will be able to purchase land at market value after the RDA transition and closure programme board agreed to the short-term sale of specified land and property assets. A full list of the assets that have been authorised for sale will be publicised shortly and local authorities will be made aware of relevant sales in their area. Read more on Inside Housing.
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