@moving_charlie Is the implication here that they can be built much more cheaply than homes for private purchase? Because I think they will need to be.
This is what we mean when we say people in government don’t know how to manage operations. We pay for these failures.
•This Land, Cambridgeshire County Council’s wholly-owned housebuilder established in 2016, has sold exactly 77 homes over roughly 10 years, with just one sale in fiscal year 2024/25.
•The council provided around £120 million in loans; auditors flagged default risks, leading to restructuring that converted nearly £60 million into a grant repayable only based on future performance.
•The firm reported a £13.6 million loss in 2024/25, aligning with high operational costs near £1 million per month and drastically reduced delivery to one house per year.
This is what we mean when we say people in government don’t know how to manage operations. We pay for these failures.
•This Land, Cambridgeshire County Council’s wholly-owned housebuilder established in 2016, has sold exactly 77 homes over roughly 10 years, with just one sale in fiscal year 2024/25.
•The council provided around £120 million in loans; auditors flagged default risks, leading to restructuring that converted nearly £60 million into a grant repayable only based on future performance.
•The firm reported a £13.6 million loss in 2024/25, aligning with high operational costs near £1 million per month and drastically reduced delivery to one house per year.
@peterrhague@gregory_nico Hit the nail on the head. You can take the lawyer out of the law, but you can’t take the law out of the lawyer.
We need leaders who can just do things.