Sonia Furzland

Period 2, 2025/26 Finance outturn report

From: Strategy and Resources Policy Committee - Monday, 14th July, 2025 1.00 pm - July 14, 2025

To present Strategy and Resources Committee with the latest detailed financial outturn report and identify any additional financial approvals that are required.

Recommendations Approved

Information item: Strategy and Resources Policy Committee work programme update

From: Strategy and Resources Policy Committee - Monday, 14th July, 2025 1.00 pm - July 14, 2025

Recommendations Approved

Quarter 1, 2025/26 Corporate Risk Report

From: Strategy and Resources Policy Committee - Monday, 14th July, 2025 1.00 pm - July 14, 2025

To provide an update of the current significant strategic risks to achieving the council’s objectives as set in the Corporate Strategy and summarises progress in managing the risks/actions being taken for each quarter

Recommendations Approved

'Managing Our Debt' project funding approval and progress update

From: Strategy and Resources Policy Committee - Monday, 14th July, 2025 1.00 pm - July 14, 2025

To seek approval to put in place a new, centralised Corporate Debt Recovery Team to maximise income collection and debt recovery for Accounts Receivable debts across the council.

Recommendations Approved

Disposal of land at Baltic Wharf Caravan Club to Goram Homes

From: Audit Committee - Tuesday, 29th July, 2025 2.00 pm - July 29, 2025

Cabinet decision on 4 September 2018 “Creation of the Housing Company” authorised the Executive Director of Growth and Regeneration in consultation with the Cabinet Member for Housing and the Service Director of Finance to approve the transfer of land at Romney House, Lockleaze and the Baltic Wharf Caravan Club site to the Housing Trading Company (Goram Homes Limited) on terms to be agreed. The Baltic Wharf Site benefits from a detailed planning permission (ref 21/01331/F) for the ‘Erection of residential dwellings, commercial floorspace, integrated car and bicycle parking, refuse storage, landscaping and associated infrastructure and services’. The proposed development consists of 6 blocks, delivering 166 dwellings including 40% affordable homes for social rent and shared ownership. In 2024 the Council was awarded Brownfield Land Release Fund grant of £2,441,957 towards the scheme. On 24 December 2024 the Council entered into an option agreement in advance of this land contract. The option runs for an initial period of 12 months or the date the parties enter the land contract (whichever is the later). The subsequent land contract will ensure all key contractual terms and safeguards for the Council with the value demonstrating best consideration. The Baltic Wharf Site forms part of the harbour estate. The statutory harbour authority are in the process of obtaining a new Harbour Revision Order which went out to consultation, with the consultation period having expired on 11th June 2025. No objections were received in response to the consultation. This disposal includes 98 sqm of adjoining Harbour Authority land which comprises the hedge on the northern boundary. The sale contract is in an agreed form and this ODN is therefore to confirm that the Executive Director has exercised the delegated authority to complete the sale of the site.

Recommendations Approved