Carli Harper, Labour’s cabinet member for finance and major projects, told the Local Democracy Reporting Service that liquidating the company was “a strategic decision that makes sense for the long-term”.
Rather than using a private company to borrow money to fund developments, she argued the council could get better deals on loans from the government.
“It means we deliver more homes at better value for money for the taxpayer if we do it ourselves,” she said.
She said the closure of the company would have “no impact” on a planned development of 200 houses at the former Mile Cross depot – while the council was “exploring options” for continuing another development in Bowthorpe, where a total of 1,000 homes are expected to be built.
She…