The Policy and Resources Committee were scheduled to discuss a range of topics, including the Housing Investment Programme, capital funding, and the Pan London Substance Misuse Programme. They were also scheduled to consider proposed amendments to the terms of reference for the Fraud and Cyber Crime Reporting and Analysis Service Procurement Committee.

Housing Investment Programme

The committee was scheduled to discuss a report from Judith Finlay, Executive Director of the Department of Community & Children's Services, which outlined the financial challenges of the 10-year Housing Investment Programme. The report identified a capital funding shortfall of £84 million in the Housing Revenue Account (HRA), as well as the need for an additional £1.5 million per annum in revenue to support additional staff to meet regulatory compliance and deliver the programme.

The report noted that the City of London Corporation is the local authority landlord for just over 1900 social rented homes and 900 leasehold properties across seven London local authority areas. The majority of these homes were built in the post-war period and require significant investment to meet tenants' needs and regulatory standards.

The 10-year investment programme identifies a need for £205 million of investment in works such as windows, roofing, heating, fire safety compliance, external decorations, and electrical compliance work across the estates. Just over half of this investment, £105 million, is required for the Golden Lane Estate.

The report also noted the progress of the Golden Lane Investment Programme and the establishment of a Golden Lane Transformation and Advisory Board.

Capital Funding Update

The committee was scheduled to consider a report regarding the release of capital funding for several projects. The report requested the release of up to £2.05 million for schemes progressing to the next gateway, including:

• Barbican Library Refresh - £776,000 to modernise the library, creating a more flexible and welcoming space.
• Bank Junction Improvement - £750,000 to implement an experimental traffic order allowing taxis through Bank Junction during restricted hours.
• Guildhall North and West Wing – Creation of new Shared Collaboration Spaces - £270,000 to create shared, non-departmental collaboration spaces within underutilised areas of the Guildhall North wing.
• Barbican Fire Door Replacement Programme - £250,000 for a programme of works to replace all fire-rated doors within the residential blocks of the Barbican Estate.

Pan London Substance Misuse Programme

The committee was scheduled to consider a report from Judith Finlay, Director for Community & Children's Services, seeking approval for the City of London Corporation to continue to deliver a lead commissioning role to the Pan London Substance Misuse Programme.

Since 2021, the City of London Corporation has hosted the programme on behalf of London local authorities. A recent survey showed strong support from London local authorities for the City of London Corporation to continue its role as lead commissioner.

The lead commissioner role includes commissioning of an Inpatient Detoxification and Stabilisation (IPD) Framework to support a wider cohort of those needing help with substance misuse post 2025/26.

Fraud and Cyber Crime Reporting and Analysis Service Procurement Committee

The committee was scheduled to discuss proposed amendments to the terms of reference for the Fraud and Cyber Crime Reporting and Analysis Service Procurement Committee (FCCRASPC). The FCCRASPC was established in April 2021 to oversee the procurement of the next generation Fraud and Cyber Crime Reporting and Analysis Service.

The committee was created as a time-limited body for a period of three years, but its lifetime was extended to include the formal 'Go Live' date of the project. At a Court of Common Council meeting in April 2025, a query was raised regarding the membership arrangements of the committee, particularly with regards to the time constraints of some ex-officio members.

The report provided members with options on next steps, with a recommendation to alter the committee's terms of reference to include the addition of a nominee for each committee that is represented in the membership.

Revenue Outturn

The committee was scheduled to review the revenue outturn for 2024/25, comparing it with the final budget for the year. The report detailed carry-forward requests that were yet to be approved. The outturn presented in the report covered services overseen by:

• The Deputy Town Clerk
• The Executive Director of Innovation & Growth
• The Remembrancer
• The Managing Director Bridge House Charities
• The Chief Strategy Officer
• The Interim Executive Director of Corporate Communications & External Affairs
• The Executive Director of Environment

Overall, total net expenditure during the year was £28.728 million, compared to a budget of £33.013 million, representing an underspend of £4.285 million.

Other Matters

The committee was also scheduled to note the draft public minutes of the Communications and Corporate Affairs Sub-Committee meeting held on 29 May 2025, and to consider a joint report on a finding of maladministration related to the Emergency Support Scheme¹.