‘Fire Sale’ of City Council Land Ruled Out as Gloucester Considers Eastern Avenue Plots
Tuesday, June 16, 2026
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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.