HOME   ARCHIVE   GALLERY   SHOP   ABOUT US      
 

 
FRED DONE WEALTH RISES £20MILLION AS HE GETS £22MILLION PUBLIC SUBSIDY
 

Star date: 14th May 2018

SUNDAY TIMES RICH LIST SHOWS HUGE DONE BROS WEALTH RISE

The new Sunday Times Rich List shows that Fred and Peter Done's wealth rose by £20million, to £1.35billion. Coincidentally, the Done's company FICM Ltd got £22.5million in public subsidy loans from Greater Manchester Combined Authority for the controversial blocks of 380 unaffordable apartments at Blackfriars, subsequently marketed to Hong Kong investors.

Others on the Rich List include INEOS fracking chief, Jim Ratcliffe (top of the List), and the Peel Holdings Whittaker family which saw its wealth rise by £50million – did they ever pay for that Barton bridge?

Full details here...


Salford May Day march goes past Fred Done apartments
click image to enlarge

The new Sunday Times Rich List, as ever, shows wealth being sucked from the many to the few. There's now 145 billionaires in the UK, up 11 on the previous record set last year.

While not ripping up any headlines in the List, Salford chancers Fred and Peter Done saw their wealth climb by £20million, to £1.35billion, compared to £1.33billion last year. The BetFred bros are now the 102nd richest people in the country. The Times also discloses that the Dones donated £250,000 to the Tories last year.

As the Dones' wealth rose by £20million, their company FICM Ltd was receiving public subsidies of £22.5million from the Greater Manchester Combined Authority's Housing Investment Loan for its blocks of 380 unaffordable apartments on the site of the Black Friar pub (see here)

This was on top of Salford City Council waiving £1.28million in planning fees for the development, plus the need to provide 76 affordable properties, because the scheme would not be economically 'viable' – ie the profits wouldn't be big enough - if they had to cough up. Subsequently, the 'Blackfriars' flats were marketed to rich Hong Kong investors (see here).

Top of the Sunday Times Rich List is Manc Jim Ratcliffe, chief of fracking firm INEOS, who saw his wealth rise by £15.3billion, to £21.05billion. Meanwhile, Peel Holdings owners, John Whittaker and family saw their wealth rise by a 'mere' £50million, to £2.25billion.

Late last year, Peel Holdings was bickering with Salford Council over the cost of maintenance on the new lifting bridge in Barton. As yet, no-one knows who actually ended up paying for it.



Main photo shows Salford Labour Party and councillors parading past the Blackfriars development as part of the May Day march.

Mary ferrer wrote
at 08:49:54 on 15 May 2018
Not much we can say about this.I bet Done & Done think Salford council and others are like fairy godmothers.Grants why?? It won't be viable if they build affordable housing and God forbid the council should take planning fees.This city looks foolish.Take from the poor and give to the RICH.
 
Please enter your comment below:
 
 
 
Salford Star Hoodies
Salford Star contact
Deli Lama
advertisement
 
Contact us
phone: 07957 982960
Facebook       Twitter
 
 
Recent comments
article: SALFORD PENDLETON TOGETHER TENANTS TELL OF KNIVES, NIBES, CLADDING, DODGY WINDOWS AND HOLES IN THE WALLS
What I would do if I was one of the disgruntled tenants is take video statements on my mobile phone. I would try to find about fi... [more]
article: GOVERNMENT BLOCKS SALFORD CLADDING REPLACEMENT
The private companies must not be fulfilling their contract by allowing unsafe flats. It's good the government is not allowing a p... [more]
article: GOVERNMENT BLOCKS SALFORD CLADDING REPLACEMENT
Brilliant things these PFI's! We know which way this is going---------Much hand wringing by Merry and Doughnut and then the flat... [more]
article: SALFORD PENDLETON TOGETHER TENANTS TELL OF KNIVES, NIBES, CLADDING, DODGY WINDOWS AND HOLES IN THE WALLS
A lot of great English humour overlaid on a sad and tragic tale of the human condition in the modern-day Britain. A very illuminat... [more]
article: GOVERNMENT BLOCKS SALFORD CLADDING REPLACEMENT
tell you what, lets get the two master builders Merry and Dennett to sort it out. They could use the new wonderful company they ha... [more]
 
 
 
 
 
Days
Hours
Minutes
Seconds
 
 
 

Donate

Help the Salford Star...

all donations welcome

 
 

More articles...

ST PAUL’S CHURCHYARD TRAIL SALFORD

Star date: 22nd September 2018

GRAVE INTEREST IN KERSAL

St Paul's Churchyard Trail
Sunday 23rd September 11:30am
St Paul's Church, Kersal

Tomorrow, Sunday 23rd September, there's going to be a churchyard trail at St Paul's Church on Moor Lane in Kersal to learn some of the history of the important and interesting people buried there.

Full details here...

GOVERNMENT BLOCKS SALFORD CLADDING REPLACEMENT

Star date: 21st September 2018

SALFORD CITY COUNCIL CAN'T ACCESS £400MILLION GOVERNMENT CLADDING FUND

Salford City Council has been told by the Government that it can't access the £400million public fund to help with the cost of replacing dangerous cladding on the nine Pendleton blocks because it's part of a PFI.

Nor will the Government allow the Council to loan Pendleton Together Operating Limited money from its £25million fund set aside for the cladding. In short, it's a complete mess.

Full details here...

SALFORD PENDLETON TOGETHER TENANTS TELL OF KNIVES, NIBES, CLADDING, DODGY WINDOWS AND HOLES IN THE WALLS

Star date: 21st September 2018

'IF YOU WERE TO LIVE HERE FOR ONE WEEK IN ONE OF OUR FLATS, IT WOULD OPEN YOUR EYES...'

Dodgy cladding, knife fights, a tenant threatening to jump off the roof, windows that you can't open, others that are almost falling out...and those NIBEs eating up people's heating budgets. Oh, and tenancy warnings handed out like confetti to elected tenants association officers who are trying to make things better.

Welcome to the Pendleton Together blocks, where residents at Malus Court have just about had enough...

Full details here...

PARENTS MAKE A STAND AGAINST FORCED CHILD REMOVAL BY SALFORD CITY COUNCIL

Star date: 20th September 2018

CIVIC CENTRE SEES PARENTS RAISE AWARENESS OF COUNCIL CHILD REMOVAL PRACTICE

"We're not doing this for the parents we're doing this for the kids, because kids are being hurt..."

Today saw parents who have had their children removed stage an awareness demonstration outside Salford Civic Centre... "We're not fighting for our kids to be brought back to us now, we're fighting for a better system for our kids in the future because it's not right what's going on, it's really not" Katie Jane told the Salford Star.

The demonstration is set to continue tomorrow (Friday) and next week until the 25th September, with networking in Victoria Park over the weekend.

Full details here...

£7MILLION CYCLE AND WALKING ROUTES FOR SALFORD ANNOUNCED

Star date: 20th September 2018

MONTON, SWINTON AND TRINITY WAY TO GET NEW CYCLE PATHS

Transport for Greater Manchester has announced a plan for £7.1million worth of cycle paths and walkways in Monton, Swinton and Trinity Way, with Salford City Council contributing £1.2million towards the total cost.

"The people of Greater Manchester will soon have a genuine choice in how they travel, ensuring that they and their children have a viable and attractive alternative to the car" says Chris Boardman, Greater Manchester Cycling and Walking Commissioner.

Full details here...

 



written and produced by Salfordians for Salfordians
with attitude and love xxx