Who is financing the eco-town and how much money will be made?
• As landowners, The Co-operative Group is the masterplanner for the site working in conjunction with English Partnerships. A financial assessment of all eco-town sites is being undertaken by PriceWaterhouseCoopers (PWC) on behalf of CLG. • It is too early to say how much money will be made because we do not know. As a business we are entitled to make a profit on development but it is what we do with this profit that makes us different. We are owned by our members, ordinary people in communities the length and breadth of the UK. Any financial gain from this development will be invested in our business ultimately for their benefit and that of the communities in which we trade – we are in the area for the long-term and can take a long-term approach to the development. We will not be selling up to the highest bidder and walking away.
