Telford & Wrekin Council has made £7 million in the last eight years as part of the Telford Land Deal – which has created thousands of jobs.
The Council has made £7million in the last eight years as part of the Telford Land Deal – which has created thousands of jobs.
Money made from the scheme is supporting the council’s budget and delivering key services across the borough. The council takes 85 per cent of profits from the sites before giving the Marches LEP 15 per cent. The gross sales income since the start of the Land Deal is £48.6m. The profit share to the council is £10.2m resulting in £7m profit after £1.2m was distributed to the Marches LEP and £2m set aside for constrained/liability sites.
“It’s also seen the completion of Ni.Park phase one and the recently completed Orchard Business Park. These businesses are having a significant impact in our communities with a range of jobs.
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