Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Over 63% of retail mutual fund AUM is in regular plans: Why is SEBI pushing direct plans? Experts explain pros and cons
    • ETFs Are Net Sellers of Teradyne (TER) on Wednesday
    • ETFs Are Net Sellers of Apollo Global (APO) on Wednesday
    • ETFs Are Buying Microsoft (MSFT) on Oct. 28
    • Notice on public offering of subordinated bonds of Inbank
    • PE/VC investments jump 46% to $17.1 billion in Q3 on large deals
    • Active vs passive mutual funds: Why fewer Indian fund managers beat passive rivals over the long term
    • SBI Mutual Fund Achieves 10% Growth in AUM to Rs 13.1 Lakh Crore; H1 Profit Rises 11%, ETCFO
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Funds»Increased funds from Torbay Council too late, says land charity
    Funds

    Increased funds from Torbay Council too late, says land charity

    November 5, 2025


    Torbay Coast and Countryside Trust Berry Head has piles of dried grass being raked by a ranger. Beyond the headland is a bright blue sea, with a blue sky above. It is a sunny day with some clouds.
Torbay Coast and Countryside Trust

    Torbay Coast and Countryside Trust looked after 80% of Torbay’s landscapes, including Berry Head

    A conservation charity which leased and maintained coastal areas said it did not receive increased funds from a council in time to prevent it from financial collapse.

    Torbay Coast and Countryside Trust (TCCT), which received a management fee from the council, entered voluntary administration in October.

    The trust looked after 80% of Torbay’s landscapes and more than 40 miles (64km) of coast paths and bridleways.

    A Torbay Council spokesperson said it had been working with trustees since April to find a resolution to the charity’s financial difficulties and that it had “provided support to the Trust to operate through the summer”.

    The trust said it had negotiated a new management fee with the council after “extensive negotiations”.

    It was not due to come into force until April next year however, the charity said.

    “Faced with this unavoidable shortfall, the trustees made the extremely difficult decision to move towards voluntary liquidation and immediately informed Torbay Council of this decision,” trustees said in a statement.

    They said they had hoped the early notice of its closure would prompt a “controlled and transparent transition”.

    “However, despite repeated requests, Torbay Council declined to participate in any handover process and instead chose to make a unilateral public announcement regarding TCCT’s closure,” they said.

    ‘Complex process’

    A spokeswoman for Torbay Council said in a statement the authority had been working with trustees and the charity’s executive team “since April to seek a resolution to the financial challenges facing them”.

    “Through that time, we have provided support to the trust to operate through the summer and had remained hopeful that the trustees would be able to propose a sustainable solution,” she said.

    “Following their recent decision to place the trust in liquidation, we await confirmation of the liquidators’ appointment to determine its next steps, recognising how important these green spaces are to our community.”

    She said the council understood the closure of the trust would have “wide-reaching impact on our communities, and that many residents will have questions and concerns”.

    “However, at this time, due to the complex process for liquidation, we are unable to provide any further information on the individual spaces or services that are managed or provided by TCCT,” she added.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Pension funds around the world face an ageing crisis

    October 25, 2026

    Dutch pension funds stop Brussels from steering members’ savings into European startups

    October 25, 2026

    Contra funds hold up, see recovery potential – Money News

    October 23, 2026
    Leave A Reply Cancel Reply

    Top Posts

    ETFs Are Buying Microsoft (MSFT) on Oct. 28

    October 30, 2026

    Over 63% of retail mutual fund AUM is in regular plans: Why is SEBI pushing direct plans? Experts explain pros and cons

    October 30, 2026

    Notice on public offering of subordinated bonds of Inbank

    October 29, 2026

    ETFs Are Net Sellers of Apollo Global (APO) on Wednesday

    October 30, 2026
    Don't Miss
    Mutual Funds

    Over 63% of retail mutual fund AUM is in regular plans: Why is SEBI pushing direct plans? Experts explain pros and cons

    October 30, 2026

    Direct and regular plans of a mutual fund scheme hold the same portfolio and are…

    ETFs Are Net Sellers of Teradyne (TER) on Wednesday

    October 30, 2026

    ETFs Are Net Sellers of Apollo Global (APO) on Wednesday

    October 30, 2026

    ETFs Are Buying Microsoft (MSFT) on Oct. 28

    October 30, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Spot ether ETFs show crypto is ‘major asset class’: Bitwise CIO

    July 23, 2024

    Franklin Templeton Bets On Muni Market Momentum With New Tax-Exempt ETFs – Putnam ETF Trust Franklin Municipal High Yield ETF (ARCA:FTMH), Putnam ETF Trust Franklin California Municipal Income ETF (ARCA:FTCA)

    October 31, 2025

    3 Thematic ETFs for the AI Revolution

    February 11, 2026
    Our Picks

    Over 63% of retail mutual fund AUM is in regular plans: Why is SEBI pushing direct plans? Experts explain pros and cons

    October 30, 2026

    ETFs Are Net Sellers of Teradyne (TER) on Wednesday

    October 30, 2026

    ETFs Are Net Sellers of Apollo Global (APO) on Wednesday

    October 30, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    🇮🇸 CPP Investments and Equinix complete atNorth acquisition to support growth of leading Nordic data center platform

    September 1, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.