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‘Fire Sale’ of City Council Land Ruled Out as Gloucester Considers Eastern Avenue Plots

Tuesday, June 16, 2026 gloucester council property easternavenue finance landsale recovery assets government budget

Gloucester City Council has ruled out any “fire sale” of its assets as it begins exploring the potential sale of land on Eastern Avenue to help repay a government emergency loan that rescued the council from financial collapse. Earlier this year, the council received £15.5 million in exceptional financial support (EFS) from the Government to balance its budget and avert effectively going bankrupt. As part of its financial recovery plan, selling or better monetising council-owned properties is being considered.