Council chiefs said CIFCO completed a drawdown of funds ahead of year-end on March 31, 2021 and on the same day secured one of its final investments – an £8.3million industrial estate in Braintree.
Screwfix, a car wash and two more traders on an industrial estate in Ipswich’s Cavendish Street came next for £1.5m in April with one final new-build acquisition set to be announced in the coming weeks.
One of CIFCO s latest investments is in an industrial estate off Cavendish Street in Ipswich
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It will cement the councils’ full £100m portfolio for years to come, with the authorities clear they have no further plans to invest in CIFCO.