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Mansfield requires £50m external borrowing for housing and regeneration strategy

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Mansfield District Council has allocated close to £100m for building new homes, a regeneration programme, and housing upgrades in a long-term strategy.

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The total expenditure on housing in ‘Towards 2030; A Strategy for Mansfield’ is £50.8m, a council report showed, with £31.5m going towards existing dwellings

The government has been warned by revenues experts that its planned mansion tax is “suboptimal” and “unnecessarily complicated” and may raise less than hoped because of behavioural changes among taxpayers, including high levels of avoidance.

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