Investment plans supported at final cabinet meeting of 2018

Crucial investment plans and investment in emergency housing were on the agenda when Cornwall Council’s Cabinet met today.

Members supported plans to put an extra £107 million into the authority’s Cornwall Investment Programme, and the creation of a company to deliver the programme was also discussed.

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The investment plan will see the council invest in housing and workspace for the people of Cornwall, which will in time provide a financial return back to the authority.

Councillor Julian German, portfolio holder for resources, told the meeting that the creation of the programme was ‘our response to austerity’, and assured members the company would provide a return.

The proposals were supported unanimously by the cabinet.

Proposals to invest over £39 million in the acquisition of a portfolio of private rented accommodation to use as emergency housing for those in need were also welcomed unanimously.

Cornwall Council saw more than 800 homeless applications during 2017, and these plans would allow a more flexible response, avoiding the use of bed and breakfast accommodation, and allowing families and individuals to remain closer to their home communities wherever possible.

The final topic for discussion was a proposed investment into Langarth Farm at Threemilestone, which would be invested into land for new homes, and for the creation of a new ‘northern access road’ from the A30.

Posted on December 18, 2018