Decision details

To provide, for adoption, a proposed new five-year Asset Strategy for Council housing stock and the investment plan to support this.

Background papers;

An initial Integrated Impact Assessment for the Asset Strategy was carried out on 22 January 2024, and can be found here.

On 11 April 2023 Cabinet was presented with a report on the procurement of fire safety remedial works to 6-storey, low-rise and retirement living scheme blocks. The report can be found here and the decision here.

An Integrated Impact Assessment was carried out on the new service delivery model for damp, mould and condensation in November 2023 and can be found here

Engagement process;

The strategy has been developed through engagement with council officers. The investment strategy has been developed using asset and spend data.

If the proposals are agreed, then formal engagement with residents and members will take place for individual projects and proposals. Residents and members will also be involved in process review to support customer experience and journey.

RESOLVED –

1)    That the Asset Management Strategy for Council Housing 2024-2029 be adopted.

2)    That the 5-year capital plan and the additional £4.4m from the HRA required to fund the strategy be approved.

3)    That approval be given to the approach of asset option appraisal.

4)    That authority be delegated to the Strategic Director, Growth and Regeneration and the Service Director Finance to agree annual capital plans and programmes in line with the approved 5-year capital plan.

5)    That authority be delegated to the Service Director, Homes and Neighbourhoods in consultation with the Service Director Legal, Governance and Commissioning, to agree and negotiate the terms of and to enter into any Funding Agreements and other documentation to enable individual projects and schemes to proceed.

6)    That authority be delegated to the Service Director, Homes and Neighbourhoods in consultation with the Service Director Legal, Governance and Commissioning, to agree and negotiate the terms of and to enter into any Funding Agreements and other documentation to enable individual projects and schemes to proceed.

7)    That authority be delegated to the Strategic Director, Growth and Regeneration in consultation with the Service Director Legal, Governance and Commissioning to award future tenders for works within the approved 5-year capital plan, subject to the production of robust and affordable business cases.