Councils Set Up 58 Housing Companies Since 2012

Almost a quarter of councils in England have invested £130m in setting up 58 new housebuilding companies since 2012. However, many of these companies are yet to deliver new homes at scale, while only one has paid any dividend back to its council so far. Responses from more than 200 English councils to a Freedom of Information Act request showed 49 had set up a combined total of 58 companies, subsidiaries and joint ventures since April 2012. Another five councils said they were in the process of setting up companies. Read more on Inside Housing.

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