Council Opens the Doors

Ceredigion County Council is opening the doors of its new building at Parc y Llyn, just outside Aberystwyth to the general public next Monday 21st September. Conducted tours of the building, which will be a workbase for 400 employees, will be held on the hour from 10am until 4pm.

I’ve covered some of the issues around the building here and here but one question I’ve constantly been asked is how is the building funded. Here’s the answer:
£4.1m via the general capital allocation given by the Welsh Assembly Government
£2.0m via capital receipts from the sale of surplus offices
£8.9m via prudential borrowing.

I’m told that the savings made from substantially reduced energy costs will go some way towards offsetting the interest payments but the actual figures on this are hard to come by.