Decision details

To seek approval to spend the transformation funding to deliver the Tackling Homelessness Transformation Programme in 2025/26

Committee (unanimously) RESOLVED:

• To note that capital receipts to the value of £45.5 million are required for 2025/26 to meet both the capital programme and transformation (£20.7m new spend) financing requirements. Formal allocation of the transformation fund will be requested at Strategy & Resources Committee 25^th May 2025. Each programme / project seeking permission to spend will be required to pursue business case approval in line with the council’s decision-making pathway. Any requests to draw down prior to this agreement will be in principle subject to this paper being approved. Spend up until the 25-26 Transformation Spend Report approval will be within current approvals and rollover of 24/25 transformation funding.

To approve in principle drawing down £1,925,947, plus £385,189 contingency funding to be held centrally by Corporate Leadership Board, from the transformation fund to deliver the Tackling Homelessness Full Business Case, to deliver recurring annual savings of £8,205,606 in 2025/26.

• To authorise the Executive Director for Growth and Regeneration, in collaboration with Committee Chair for Homes and Housing Delivery Committee, to carry out all decisions and actions necessary to deliver the full business case appended, within the total budget envelope of the programme, including contingency (with approval from CLB), as stated in the Full Business Case.
• To note that there will be a further decision sought from the Strategy and Resources Committee on behalf of the New Uses of RPs project, which will request the funding to set up a council-owned RP once the full business case and outline business plan has been developed.