Latest news with #SarahBogle
Yahoo
11-04-2025
- Business
- Yahoo
Council raises more than £15m from property sales
A council has disposed of seven properties to raise millions of pounds and avoid potential future losses. The sites released by Southampton City Council in the last year include a student accommodation block, retail units and warehouses. More than £15m was raised through private sales and auctions, according to the Local Democracy Reporting Service. The council, which warned in February that it faced bankruptcy, said it needed to manage assets better and had disposed of properties that might carry a future "disbenefit". The authority currently has a temporary capitalisation direction from the government, allowing it to use the receipts from asset sales to fund revenue costs in its budget. It said individual sale prices could not be disclosed. However, one site - a DPD depot in Raunds, Northamptonshire, which was purchased in 2017 - appears to have been sold at a £620,000 loss, according to council documents. In 2020/21, it was delivering rental income of more than £477,000, papers showed. Other disposals include a vacant office in Cambridge, where the council surrendered its lease, and two properties in Southampton that were sold at auction. Labour councillor Sarah Bogle, in charge of Southampton's economic development, said decisions were taken as part of a five-year asset development and disposal programme (ADDP). She said: "We want to have the right assets and use them much better and manage them a lot better, which I think historically we haven't always done." ADDP manager Julianna Clark said the council had secured "good" capital receipts, with some above initial estimates. She said: "These particular assets that we chose are saying it is better for you to cash the capital receipt because in the longer term you could potentially hold it for a disbenefit." You can follow BBC Hampshire & Isle of Wight on Facebook, X (Twitter), or Instagram. Council's emergency financial support extended Emergency support for council facing 'bankruptcy' The councils selling the family silver to pay bills Southampton City Council
BBC News
11-04-2025
- Business
- BBC News
Southampton City Council raises more than £15m from asset sales
A council has disposed of seven properties to raise millions of pounds and avoid potential future sites released by Southampton City Council in the last year include a student accommodation block, retail units and than £15m was raised through private sales and auctions, according to the Local Democracy Reporting council, which warned in February that it faced bankruptcy, said it needed to manage assets better and had disposed of properties that might carry a future "disbenefit". The authority currently has a temporary capitalisation direction from the government, allowing it to use the receipts from asset sales to fund revenue costs in its said individual sale prices could not be disclosed. However, one site - a DPD depot in Raunds, Northamptonshire, which was purchased in 2017 - appears to have been sold at a £620,000 loss, according to council 2020/21, it was delivering rental income of more than £477,000, papers disposals include a vacant office in Cambridge, where the council surrendered its lease, and two properties in Southampton that were sold at councillor Sarah Bogle, in charge of Southampton's economic development, said decisions were taken as part of a five-year asset development and disposal programme (ADDP).She said: "We want to have the right assets and use them much better and manage them a lot better, which I think historically we haven't always done."ADDP manager Julianna Clark said the council had secured "good" capital receipts, with some above initial said: "These particular assets that we chose are saying it is better for you to cash the capital receipt because in the longer term you could potentially hold it for a disbenefit." You can follow BBC Hampshire & Isle of Wight on Facebook, X (Twitter), or Instagram.
Yahoo
12-02-2025
- Business
- Yahoo
Southampton supported employment initiative gets 'Good' rating
Southampton's supported employment initiative has received a 'Good' Fidelity Accreditation for aiding people with disabilities into jobs. The Local Supported Employment initiative (LSEi) was put under a microscope for two days by the Supported Employment Quality Framework (SEQF) and passed with flying colours. The 'Good' Fidelity Accreditation shows the employment support team's dedication to maintaining high standards and positively impacting both individuals and businesses. Councillor Sarah Bogle, cabinet member for economic development, said: "We are incredibly proud to have received this 'Good' Fidelity Accreditation. "This achievement reflects the hard work and dedication of our Employment Support Team and underscores our commitment to providing effective and person-centred support to individuals with learning disabilities and autism. "We believe that everyone deserves the opportunity to work, and we are dedicated to helping individuals achieve their employment goals." Funded by the Department for Work and Pensions (DWP), LSEi is one of just 23 local authorities in England and Wales providing this essential help. Between April and September 2024, the employment support team helped 141 people secure paid work, and currently supports 450 individuals. The team collaborates with businesses to foster inclusive workplaces. Any unemployed Southampton resident aged 18 or over can be referred for support. Referrals can be made via email, phone (023 8091 7585), or through the website:
