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Investment into property for Temporary Accommodation

 

 

In December 2024 – Strategy and Resources Committee unanimously approved the project:
1.To approve the proposal to spend up to £33,383,400 in PWLB borrowing on the acquisition of up to 75 homes for use as Temporary Accommodation subject to:
•a. the Full Business Case being signed off;
•b. the £33,383,400 (or such other amount as agreed) being approved within the Council’s full budget for the 2025/26 financial year.
2.To authorise the Executive Director: Growth and Regeneration in consultation with the S151 Officer and Chair of the Strategy and Resources Policy Committee to take all steps required to sign off and implement the Full Business Case.
This ODN documents the Full Business Case being signed off including the below additions:
a)Approval to add LAHF £3.3m grant to the project with no additional committed savings until delivery is more confident of extra units
b)Approval to rollover any unspent capital into 25/26 financial year to deliver outstanding units
c)Approval to purchase as many suitable units as the budget allows

Decision type: Key

Reason Key: Result in expenditure of £500,000 or over;

Decision status: Recommendations Approved

Notice of proposed decision first published: 11/04/2025

Decision due: 11 Mar 2025 by Executive Director: Growth and Regeneration

Lead member: Councillor Tony Dyer, Leader of the Council & Chair of the Strategy and Resources Committee Cllr.Tony.Dyer@bristol.gov.uk

Contact: John Smith, Executive Director: Growth & Regeneration Email: john.smith2@bristol.gov.uk.

Decisions