Leaked documents show Norwich City Council was aware its wholly-owned housebuilder would be unlikely to pay back £6m of public money almost a year before it entered liquidation. 

Housing Today has seen a report by consultancy firm 31 Ten commissioned by Norwich City Council to evaluate if the local authority-owned housebuilder, Lion Homes, was an “effective vehicle to deliver the Council’s objectives” and to assess “the level of financial risk the council is exposed to through Lion Homes”.