Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Date of Decision: February 11, 2025

Purpose:

Content: ·       Subject to the approval of £1.1m of savings to be delivered in 2025/26 as set out in the 2025/26 Budget report, Cabinet approved the update of the Housing Revenue Account (HRA) 30-Year Business Plan, attached at Appendix 1 of the submitted report; ·       Cabinet approved the inclusion in the Business Plan of a further programme of HRA revenue savings totalling £3m to be identified and delivered from 2026/27 onwards, as set out in section 4.12 of the submitted report; ·       Cabinet approved the revised Council House Building capital programme specifically a revised 2024/25 and 2025/26 programme and indicative programmes for 2026/27 to 2030/31, including the associated rephasing and budget virements, as set out in section 4.13 to 4.17 and Exempt Appendix 2, Table 4 of the submitted report; ·       Cabinet approved the revised Estate Investment Programme 2025-2030, specifically a revised 2024/25 and 2025/26 programme and indicative programmes for 2026/27, 2027/28, 2028/29, and 2029/30 including the associated rephasing and budget virements, noting in particular the implications for the programme to extend existing properties as set out in section 4.21 and Appendix 3, Table 2 of the submitted report; ·       Cabinet delegated authority to the Executive Director Finance and Resources to accept grant funding that is not reflected in the Business Plan to part finance schemes in the Council House Building programme and to reflect the associated changes to financing in the scheme budgets. ·       Cabinet delegated authority to the Director of Housing, in consultation with the Cabinet Member for Housing Management and Homelessness, to determine the optimum use of new units of general needs council accommodation, to best meet the prevailing demand for housing in the borough, as set out in 4.17 of the submitted report;  ·       Cabinet delegated authority to the Director of Asset Strategy, in consultation with the Cabinet Member for Housing Management and Homelessness, to approve variations to the Estate Investment Programme that are within the overall approved programme budget; and to approve commencement and award of procurements that are part of the overall approved Estate Improvement programme and budget, as set out in section 4.22 of the submitted report.