Shetland Islands Council getting £10m for housing debts
- 5 December 2013
- From the section NE Scotland, Orkney & Shetland
The UK Treasury is to hand over £10m towards paying off Shetland Islands Council's historic housing debt of £40m.
It was built up during the construction boom of the 1970s when the authority paid for new houses for workers building the Sullom Voe oil terminal.
The announcement was made as part of the Chancellor George Osborne's Autumn Statement.
The news has been welcomed by the islands council.