Regeneration company owned and run by North Lanarkshire Council records profit

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North Lanarkshire Council Nouvelles

Lanarkshire,Lanarkshire News

Annual accounts show Fusion Assets made a £700,000 profit in 2024, compared to a minor loss in 2023.

A regeneration company owned and run by North Lanarkshire Council has recorded a profit after making a loss last year.

Annual accounts show Fusion Assets made a £700,000 profit in 2024, compared to a minor loss in 2023. It benefited from a profit share following the sake of land in Newhouse as well as reduced development fees. Recent highlights of the company’s activity include the sale of Phase 1 of Gartcosh Industrial Park, which comprised of three industrial units. The second phase is currently in progress.Get all the news from your area – as well as features, entertainment, sport and the latest on Lanarkshire’s recovery from the coronavirus pandemic – straight to your fingertips, 24/7.

The free download features the latest breaking news and exclusive stories, and allows you to customise your page to the sections that matter most to you.It also let out a building at Link Park, Newhouse to Yunex Traffic, a move which created 72 jobs, and in October the council’s planning committee improved proposals for a major industrial development in Ravenscraig.

Future objectives include further construction in Ravenscraig, letting out another unit in Link Park, establishing a new joint venture at Condor Park, Eurocentral and securing funding for a new industrial scheme and continued development at Gartcosh Industrial Park. And did you know Lanarkshire Live had its own app? Download yours for free here.

 

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