News

Thurrock Council Responds to Fifth Commissioners Report to Government

19 June 2025
Today the Government published the latest report from Commissioners into the recent progress made by Thurrock Council as it navigates its recovery and improvement journey. In their fifth report to the Government, the team of independent commissioners appointed by Government note further substantive progress has been made and recognises the challenging landscape in which the council operates.

Legal proceedings confirmed

14 March 2024
Thurrock Council can confirm that proceedings have been issued in the High Court against Liam Kavanagh. We are advised not to say more at this stage but will provide further information when we are able to do so.
Find out more about the council’s intervention and improvement.

Toucan proceeds will pay down over half a billion pounds of debt

21 February 2024
Thurrock Council has received just over £510m in payments following the sale of Toucan Energy Holdings, which the council will use to pay down debt.
Cllr Andrew Jefferies, Leader of Thurrock Council, said: "This not only allows us to pay down a significant amount of debt, and reduces the borrowing costs associated with that debt, it also provides further clarity to our financial position as we continue to work towards Thurrock Council's financial recovery.

Toucan Energy asset sale will reduce Thurrock Council debt

25 January 2024
The successful sale of Toucan Energy's solar portfolio will see Thurrock Council divesting a significant asset and allow the council to pay down hundreds of millions of pounds of debt.
Toucan Energy Holdings entered administration in November 2022, with Thurrock Council as the primary creditor.
It has today been announced that the portfolio of 53 solar farms has been acquired by Schroders Greencoat at a sale price of circa £700m. The sale will see a significant sum returned to Thurrock Council and is the single biggest contributor towards the council's financial recovery.

Financial regulator to carry out independent investigation into failed investment strategies

3 January 2024
The UK body that regulates auditors and accountants has today announced it will begin an investigation into an individual's conduct regarding the financial management of Thurrock Council’s failed investment strategies.
The Financial Reporting Council (FRC) has stated it will investigate the individual’s compliance with governance and professional standards relating to Thurrock Council's operations and investment activities for the financial years ended 31 March 2018 to 31 March 2022.

One year on - a time of change

1 September 2023
Major changes are happening at Thurrock Council to improve the way the organisation is managed, regain financial stability, and make the council fit for the future.
It is now a year since Thurrock Council was put into intervention by the Government, on 2 September 2022, in response to serious concerns about the council's financial situation.

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Media enquiries

Journalists and media professionals can make enquiries from Monday to Friday, 9am to 5pm, 01375 652 017 or at communicationsteam@thurrock.gov.uk.

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