Page last updated at 07:56 GMT, Wednesday, 8 April 2009 08:56 UK

Police force withdraws sale of HQ

Staffordshire Police have withdrawn the sale of one of their headquarters because of the slump in the housing market, bosses have revealed.

The buildings in Cannock Road and Weston Road were on the market, under plans to move to a single site.

The force bought two offices adjacent to the Weston Road site and planned to raise £20m from the sale of its Cannock Road site to fund the move.

Bosses said the move was still going ahead but with borrowed money instead.

'Real value'

Staffordshire Police Authority chairman Michael Poulter, said the police force had bought two new offices in Lanchester Court for £8m in autumn 2008.

It purchased the buildings against the sale of its 16-acre Cannock Road site, previously valued at about £20m, but would now have to borrow the money instead.

Mr Poulter said: "Because of the slump in the housing market we withdrew the sale to realise its real value."

He said the money would come from an approved lender and he was confident the force would be given a loan.

"Front line services will not be cut to fund the loan," he added.

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Police force backs 20m HQ sale
09 Jun 08 |  Staffordshire

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