This weekend, CIFCO Capital Ltd, controversial investment arm of Mid Suffolk and Babergh district councils turns five – having snapped up 21 properties, from an NHS surgery to a wagamama.
Council chiefs said CIFCO completed a drawdown of funds ahead of year-end on March 31, 2021 and on the same day secured one of its final investments – an £8.3million industrial estate in Braintree.
Screwfix, a car wash and two more traders on an industrial estate in Ipswich’s Cavendish Street came next for £1.5m in April with one final new-build acquisition set to be announced in the coming weeks.
One of CIFCO s latest investments is in an industrial estate off Cavendish Street in Ipswich
- Credit: GOOGLE MAPS
It will cement the councils’ full £100m portfolio for years to come, with the authorities clear they have no further plans to invest in CIFCO.
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By Keighley & Ilkley MP Robbie Moore TUESDAY (June 1) marks the start of Volunteers’ Week, a week where the nation gets together to celebrate the wonder of volunteering which so many people up and down the UK do day in day out – out of the goodness of their hearts. This year’s celebrations will be more compelling than ever after we have seen a nation get together and volunteering numbers explode during the Covid pandemic. Since being elected as your MP I have had the pleasure of meeting many fantastic volunteer groups up and down the Keighley and Ilkley constituency, from the Aire Valley Against Incineration campaign group to Keighley Dementia Friendly which were both among my first official meetings as your MP.