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16
Feb 2023
North Yorkshire County Council looks set to establish a new property company to look after its estate.
Under plans outlined in a report due before the council’s executive, the new firm would be established with £200,000 working capital backed by a loan.
It would also see the authority’s current estates company, Align Property Partners Limited, operate on a commercial basis.
The new firm would be wholly owned by the council and would transfer to North Yorkshire Council from April 1.
As part of the plan, the company would adhere to “teckal” exemptions - meaning the council could directly award it contracts without open procurement.
Vicki Dixon, assistant director for strategic resources, said in a report that the current firm, Align Property, was “well-placed” to operate commercially.
She said:
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