Purpose

In December 2024 – Strategy and
Resources Committee unanimously approved the project:
1.To approve the proposal to spend up to £33,383,400 in PWLB
borrowing on the acquisition of up to 75 homes for use as Temporary
Accommodation subject to:
•a. the Full Business Case being signed off;
•b. the £33,383,400 (or such other amount as agreed)
being approved within the Council’s full budget for the
2025/26 financial year.
2.To authorise the Executive Director: Growth and Regeneration in
consultation with the S151 Officer and Chair of the Strategy and
Resources Policy Committee to take all steps required to sign off
and implement the Full Business Case.
This ODN documents the Full Business Case being signed off
including the below additions:
a)Approval to add LAHF £3.3m grant to the project with no
additional committed savings until delivery is more confident of
extra units
b)Approval to rollover any unspent capital into 25/26 financial
year to deliver outstanding units
c)Approval to purchase as many suitable units as the budget
allows

Content

Approve Full Business Case to purchase
properties for Temporary Accommodation, to add £3.3m of LAHF
funding to the budget, to allow rollover of unspent budget into
26/27 financial year and to purchase as many suitable properties
with the budget as possible.