Purpose

to provide Cabinet with a final draft of the
i4B Holdings Ltd (i4B) 2025/26 Business Plan. Cabinet is asked to
approve the Business Plan on behalf of the Shareholder.

Content

Cabinet noted the introductory comments made
by Andrew Hudson (as Chair of the i4B and First Wave Housing (FWH)
Ltd Boards) in presenting the i4B and FWH Business Plans and
strategic priorities for both companies.
 
In focussing on key areas of activity moving
forward he highlighted the work being undertaken to improve voids
performance (including minor voids) as well as to monitor and
improve results relating to tenant satisfaction measures to achieve
sustainable levels of performance including implementation of a
supporting Improvement Plan to deliver changes designed to enhance
tenant experience.
 
In terms of strategic challenges, he advised
members that they key focus remained in seeking to maximise the
Boards contribution to the Council’s wider priorities, with a
specific focus in supporting the work being undertaken to tackle
the demand for housing and increasing levels of
homelessness.  In noting the success of
the acquisitions programme during 2024-25 the Board had continued
to identify workstreams over the coming year aiming to increase
i4Bs level of stock although, given the more challenging nature of
market conditions, members were advised this was likely to involve
a range of wider options and overall reduction in the level of
acquisitions acheived.  Details were also provided in relation to the work
being taken to address asset management and energy efficiency as
well as wider support to tenants, including in being able to live
more independently.
 
In recognising the challenges outlined
alongside current performance and welcoming the approach adopted in
relation to the strategic priorities identified by i4B, Cabinet
RESOLVED:
 
(1)      To approve the 2025-26 i4B
Holdings Ltd Business Plan and financial model as Shareholder of
the Company.
 
(2)     
To approvethe 2025-26
Service Level Agreement between i4B Holdings Ltd and the
Council.
 
Eligible for call-in: Yes
 
Deadline for submission of call-in: 6pm on
Monday 17 March 25