Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: November 4, 2024

Purpose: Establishing a wholly-owned council Housing Company

Content: Cabinet is recommended to:   Approve in principle the establishment of a wholly owned housing company limited by shares.   Delegate to the Executive Director of Finance and Corporate Services in consultation with the Cabinet Member for Finance and Reform and the Director of Legal Services:   to incorporate the company, establish its article of association and such other documents that are necessary to enable the establishment of the company, its board and governance structure.   to take any necessary steps including procuring and appointing any consultants or suppliers to support the governance of the company, and support feasibility studies on any trading activity that company may undertake subject to future decisions.   Appointment of company directors.   Note that the company business case/s prior to incorporation of the company with be brought back to Cabinet for approval.