Middlesbrough Council rules out selling off its £32.5m art collection to plug hole in its finances

Calls were made last year for the local authority to consider selling off artefacts from its £32.5m collection as the council battled to plug a funding blackhole and avoid a section 114 notice. Some councillors had argued the sale of some art pieces, particularly those in storage, could raise much-needed capital receipts, rather than selling off buildings as a short-term measure. The local authority subsequently carried out research and concluded it was not an option.

“We think – MICA – we have available artwork that can be sold and should be sold,” he said. The council had considered “possible reactions” and potential cuts to funding, he said, adding: “This isn’t a certainty, and therefore there is a possibility for items to be sold. “I am amazed how the council can sell buildings paid by the taxpayers of this town for a pittance, and were quite happy to sell the TAD Centre at a knock-down value, which was supplemented through EU funding.

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

NHS needs £32 billion cash injection to recover shortfall and help tackle current crisis, report saysThe NHS needs an immediate cash injection of around £8.
Source: medical_xpress - 🏆 101. / 51 Read more »

Dunelm's £32 machine-washable rug shoppers say 'looks gorgeous' in every roomThe Marvel Shaggy Rug from Dunelm is available in eight different colours and is machine washable, making it perfect for busy households or families with kids and pets
Source: new_magazine - 🏆 72. / 59 Read more »

New Look's 'elegant' spring dress shoppers say looks 'more expensive' than £32'Great fit, true to size, elegant styling. Looks far more expensive than the actual price. Good quality fabric and nice print'
Source: MENnewsdesk - 🏆 23. / 69 Read more »

Fenty’s new £32 highlighter has shade-matched shimmer that suits all skin tonesRihanna’s beauty brand Fenty has just launched a brand new highlighter that suits all skin tones thanks to its shade-matching shimmer that gives each shade a unique glow
Source: OK_Magazine - 🏆 12. / 84 Read more »

M&S shoppers obsess over £32 trousers in 6 colours hailed 'perfect for travel'Shoppers have called the Cotton Rich Relaxed Straight Trousers 'the perfect travel staple'
Source: nottslive - 🏆 96. / 52 Read more »

M&S shoppers love £32 trousers in 6 colours hailed 'perfect for travelling'One shopper said: 'Lovely find. Perfect travel staple. Lovely casual trousers in a style I've spent years looking for.'
Source: BelfastLive - 🏆 16. / 77 Read more »