“One said the house-building entity would be declared insolvent if it was a ‘normal’ company, while another said the council would be better off buying houses and ‘getting rid of Treveth’.
Treveth was created by Cornwall Council in 2019 with a mission to provide high-quality sustainable new homes, communities and commercial spaces for the benefit of people who live and work in Cornwall.
Operating under a ‘profit with purpose’ ethos, all surpluses generated by Treveth’s activities are returned to the council for use in public services, benefiting residents of Cornwall. A meeting of the council’s audit committee has heard that Treveth is expected to return a profit in the next two years. At the end of this…
