Issue - meetings

RECOMMENDED that Council: -

(a)  approve the HRA Asset Management Plan at appendix 1;

(b)  approve the Baseline+ scenario for the HRA 30 Year Business Plan; and

(c)  note that adjustments to the HRA 30 Year Business plans will be made on an annual basis alongside annual HRA budget setting and reported to Cabinet and Council accordingly.

The Portfolio Holder for Communities and Partnerships presented the report on BCP Homes Asset Management Plan and Housing Revenue Account 30 Years Business Plan and outlined the recommendations as set out on the agenda.

Council comprehensively discussed the paper with Members stressing the importance of active engagement with tenants.

RESOLVED that Council: -

(a)           approved the HRA Asset Management Plan at appendix 1;

(b)           approved the Baseline+ scenario for the HRA 30 Year Business Plan; and

(c)           noted that adjustments to the HRA 30 Year Business plans will be made on an annual basis alongside annual HRA budget setting and reported to Cabinet and Council accordingly.

Voting: Unanimous

This report presents the BCP Homes Asset Management Plan and the Housing Revenue Account (HRA) 30 Year Business Plan principles for approval. The HRA Business Plan is a strategic financial framework that ensures the long-term sustainability of council housing by aligning investment in existing homes, compliance, decarbonisation, and new housing supply with prudent financial management.

The plan is underpinned by robust stock condition data, prudent financial assumptions, and a sustainable borrowing strategy. It supports the delivery of 937 new homes by 2034/35, significant investment in existing stock, and ongoing compliance with regulatory standards. The plan prioritises financial resilience, risk management, and alignment with corporate priorities such as decarbonisation and tenant engagement.

Adoption of these recommendations will ensure BCP Homes continues to provide safe, decent, and energy-efficient homes, while maintaining the financial viability of the HRA and supporting the Council’s wider social and environmental objectives.

The Portfolio Holder for Housing and Regulatory Services presented a report, a copy of which had been circulated to each Member and a copy of which appears as Appendix 'D' to these Minutes in the Minute Book.

Cabinet was advised that the report presented the BCP Homes Asset Management Plan and the Housing Revenue Account (HRA) 30 Year Business Plan principles for approval.

In relation to this Cabinet was informed that the HRA Business Plan was a strategic financial framework that ensures the long-term sustainability of council housing by aligning investment in existing homes, compliance, decarbonisation, and new housing supply with prudent financial management.

Cabinet was informed that the plan was underpinned by robust stock condition data, prudent financial assumptions, and a sustainable borrowing strategy, and that it supported the delivery of 937 new homes by 2034/35, significant investment in existing stock, and ongoing compliance with regulatory standards.

Further to this Cabinet advised that the plan prioritised financial resilience, risk management, and alignment with corporate priorities such as decarbonisation and tenant engagement, and that adoption of these recommendations will ensure BCP Homes continues to provide safe, decent, and energy-efficient homes, while maintaining the financial viability of the HRA and supporting the Council’s wider social and environmental objectives.

RECOMMENDED that Council: -

(a)        approve the HRA Asset Management Plan at appendix 1;

(b)        approve the Baseline+ scenario for the HRA 30 Year Business Plan; and

(c)        note that adjustments to the HRA 30 Year Business plans will be made on an annual basis alongside annual HRA budget setting and reported to Cabinet and Council accordingly.

Voting: Unanimous

Portfolio Holder: Housing and Regulatory Services

Reason

The recommendations are made to secure the long-term financial sustainability and legal compliance of the Council’s housing services. By adopting this plan, the Council ensures it can continue to provide safe, decent, and energy-efficient homes, supported by robust stock condition data and prudent financial assumptions. The plan enables the delivery of 937 new homes by 2034/35 and significant investment in existing properties, all while aligning with corporate priorities such as decarbonisation and tenant engagement. Regular review and scenario testing provide resilience against risks like inflation, interest rate changes, and evolving government policy. This approach maintains transparency, accountability, and good governance, ensuring that the Council’s housing ambitions remain both affordable and achievable.

The Portfolio Holder for Housing and Regulatory Services presented a report, a copy of which had been circulated to each Member and a copy of which appears as Appendix 'D' to these Minutes in the Minute Book.

Cabinet was advised that the report presented the BCP Homes Asset Management Plan and the Housing Revenue Account (HRA) 30 Year Business Plan principles for approval.

In relation to this Cabinet was informed that the HRA Business Plan was a strategic financial framework that ensures the long-term sustainability of council housing by aligning investment in existing homes, compliance, decarbonisation, and new housing supply with prudent financial management.

Cabinet was informed that the plan was underpinned by robust stock condition data, prudent financial assumptions, and a sustainable borrowing strategy, and that it supported the delivery of 937 new homes by 2034/35, significant investment in existing stock, and ongoing compliance with regulatory standards.

Further to this Cabinet advised that the plan prioritised financial resilience, risk management, and alignment with corporate priorities such as decarbonisation and tenant engagement, and that adoption of these recommendations will ensure BCP Homes continues to provide safe, decent, and energy-efficient homes, while maintaining the financial viability of the HRA and supporting the Council’s wider social and environmental objectives.

RECOMMENDED that Council: -

(a)        approve the HRA Asset Management Plan at appendix 1;

(b)        approve the Baseline+ scenario for the HRA 30 Year Business Plan; and

(c)        note that adjustments to the HRA 30 Year Business plans will be made on an annual basis alongside annual HRA budget setting and reported to Cabinet and Council accordingly.

Voting: Unanimous

Portfolio Holder: Housing and Regulatory Services

Reason

The recommendations are made to secure the long-term financial sustainability and legal compliance of the Council’s housing services. By adopting this plan, the Council ensures it can continue to provide safe, decent, and energy-efficient homes, supported by robust stock condition data and prudent financial assumptions. The plan enables the delivery of 937 new homes by 2034/35 and significant investment in existing properties, all while aligning with corporate priorities such as decarbonisation and tenant engagement. Regular review and scenario testing provide resilience against risks like inflation, interest rate changes, and evolving government policy. This approach maintains transparency, accountability, and good governance, ensuring that the Council’s housing ambitions remain both affordable and achievable.