The Department of Trade and Industry has begun proceedings to wind up an investment company involved in a controversial practice known as land banking.

The procedure involves selling off plots of land as investment opportunities on the back of expected planning permissions.

This action, targeting United Land Holdings (ULH), is believed to be first time the government has gone to court over the issue.

The move was partly prompted by unsubstantiated claims made by the company over the likelihood of major residential development on a site outside the Wiltshire town of Melksham.

(Via planningportal.gov.uk. To read the full story, click here)


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