Decision details

Allocation of External Funding to Support Housing Delivery

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Decision:

1. Cabinet authorised the Executive Director, Growth & Regeneration in consultation with the Council’s s.151 Officer and Cabinet Member for Housing to enter into contract to draw down and spend the following external funding to support the delivery of new homes in accordance with the Corporate Strategy:

a.         One Public Estate (OPE) 6 Land Release Fund £3,810,000

b.         Accelerated Construction programme £4,904,135

c.         WECA Feasibility & Development £800,000

d.         WECA Early Investment Programme (EIP) (Hengrove) £8,000,000

e.         Community Housing Fund £790,000

f.          WECA Early Investment Programme (EIP) (Lockleaze) £4,300,000

 

2. Cabinet authorised the Executive Director for Growth & Regeneration, in consultation with Cabinet Member for Housing, to submit future external funding bids which will facilitate the delivery of new homes, infrastructure, and regeneration.

 

3. Cabinet authorised the Executive Director for Growth & Regeneration, in consultation with the Council’s s.151 Officer and Cabinet Member for Housing, to draw down external funding (including entering into appropriate contracts and grant agreements) and invest this funding to facilitate the delivery of new homes, infrastructure, and regeneration.

 

Report author: Colin Molton

Publication date: 05/02/2019

Date of decision: 05/02/2019

Decided at meeting: 05/02/2019 - Cabinet

Effective from: 13/02/2019

Accompanying Documents: