Issue - meetings
i4B Business Plan 2021-22
Meeting: 08/02/2021 - Cabinet (Item 9)
9 i4B Business Plan 2021-22 
PDF 141 KB
This report presents the i4B Holdings Ltd (i4B) 2021/22 Business Plan to Cabinet for Shareholder approval.
Additional documents:
- 09a. Appendix 1 - i4B Final Business Plan 2021-22, item 9
PDF 157 KB
- 09a(i). Appendix 1(a) - Exempt Financial Details (Appendix 1 Business Plan) , View reasons restricted (9/3)
- 09a(ii). Appendix 1(b) - i4B Risk Register (Appendix 2 Business Plan), item 9
PDF 195 KB
- 09a(iii). Appendix 1(c) - 4B Key Tasks (Appendix 4 Business Plan), item 9
PDF 188 KB
Decision:
Cabinet RESOLVED:
(1) To approve the proposals within the 2021/22 Business Plan.
(2) To approve the content and proposed strategic priorities of i4B’s 2021/22 Business Plan.
(3) To approve the updated financial model contained within the 2021/22 Business Plan.
Minutes:
Councillor McLennan, as Deputy Leader and Lead Member for Resources, introduced a report on the draft i4B Holdings Ltd (i4B) Business Plan 2021/22.
Members noted that i4B had been set up to own and manage private rented sector properties, in order to support the Council in tackling homelessness and provide safe and secure housing. Members were also reminded that the company was set up strictly for the borough’s housing needs and that the Council was its sole shareholder. As sole shareholder, the Council provided significant scrutiny of the company.
Councillor Southwood, Lead Member for Housing and Welfare Reform thanked those involved in the running of i4B, which formed an important element of the Council’s response to tackling the homelessness agenda by providing safe and secure housing which was closely aligned with the needs of residents.
Councillor M Butt, Leader of the Council drew specific attention to the purchase of the block of 153 units in Wembley Park which would be let to key workers. He felt that this demonstrated the Council’s commitment to increasing the amount of affordable housing and supporting other public sector organisations to recruit and train employees in the borough.
Members fully supported the recommendations contained in the report and noted that i4B was expected to generate its first surplus earlier than expected in the forthcoming year, acknowledging the hard work of all those involved in the running of the company.
In considering the recommendations, Cabinet noted the information provided within the exempt appendices accompanying the report.
It was RESOLVED that Cabinet:
(1) Approve the proposals within the 2021/22 Business Plan.
(2) Approve the content and proposed strategic priorities of i4B’s 2021/22 Business Plan.
(3) Approve the updated financial model contained within the 2021/22 Business Plan.