Issue - meetings

This report presents the First Wave Housing Ltd (FWH) 2021/22 Business Plan to Cabinet for approval on behalf of the Guarantor.

Cabinet RESOLVED

(1)      To approve the proposals within the 2021/22 Business Plan.

(2)     To approve the content and proposed strategic priorities of FWH’s 2021/22 Business Plan.

(3)     To approve the updated financial model contained within the 2021/22 Business Plan.

Councillor McLennan, as Deputy Leader and Lead Member for Resources, introduced a report on the draft First Wave Housing Ltd (FWH) Business Plan 2021/22.

Members attention was drawn to the company’s void performance, which it was noted had not been in line with business plan targets.  As a result FWH were reviewing options with the Council’s Housing Management team to improve performance. It was also recognised that capital investment works in relation to eight of the company’s blocks in South Kilburn, which were taken over from Brent Housing Partnership, had taken longer than expected. Members were assured that the company’s main priority for the forthcoming year was to identify a safe, viable and affordable way of improving the condition of these blocks.

Councillor Southwood, Lead Member for Housing and Welfare Reform recognised, as previously highlighted, the improvements that needed to be made in the service provided to FWH over the forthcoming year. It was noted that significant capital investment was required in its stock, and that the scale of the investment remained to be quantified. Members were assured that actions had been identified to address these issues on which further updates would be provided as the final position was clarified.

Having considered the update provided, it was RESOLVED that Cabinet:

(1)      Approve the proposals within the 2021/22 Business Plan.

(2)     Approve the content and proposed strategic priorities of FWH’s 2021/22 Business Plan.