Members of the public and businesses will be offered the
chance to buy government land and property on the open market, a landmark
change designed to raise money for Treasury coffers and free up space to build
new homes. The scheme, announced by chief secretary to the Treasury Danny
Alexander, will see a Rightmove-style website launched, enabling the public to
locate every inch of the £330bn worth of government-owned land and buildings –
and identify which sites could be sold off, even if they are currently in use.
Anyone can then submit an application to the government, with their proposal
considered by policy experts before the land is sold on at a fair price if the
application is successful. Read more on the City AM website.
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