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Agenda item

First Wave Housing Ltd (FWH) Business Plan 2024 - 25

This report provides Cabinet with a final draft of the First Wave Housing Ltd (i4B) 2024 - 25 Business Plan for approval on behalf of the Guarantor.

Decision:

Having noted the introductory comments made by Andrew Hudson (as Chair of the i4B and First Wave Housing (FWH) Ltd Boards) under the previous item including the focus of FWH (working with the Council) in seeking to maximise the opportunities identified through any additional streams of grant funding, Cabinet RESOLVED:

 

(1)    To approve the 2024-25 First Wave Housing Ltd Business Plan and financial model as Guarantor of the Company.

 

(2)    To approvethe 2024-25 Service Level Agreement between First Wave Housing Ltd and the Council.

 

Eligible for call-in: Yes

 

Deadline for submission of call-in: 6pm on Monday 18 March 24

Minutes:

Councillor Tatler (in completing her cover as Deputy Leader and Cabinet Member for Finance, Resources & Reform) then moved on to introduce a report, providing Cabinet with the final draft of the First Wave Housing Ltd (FWH) 2024-25 Business Plan along with details of the revised Service Level Agreement with the Council for consideration and approval on behalf of the Guarantor.

 

In considering the report, Cabinet once again noted and welcomed the work being undertaken through the company to support the Council’s strategic objectives in relation to the supply of safe, secure and sustainable affordable housing alongside the update provided within the report in relation to its operational performance including the focus on repairs and voids.

 

Having noted the introductory comments made by Andrew Hudson (as Chair of the i4B and First Wave Housing (FWH) Ltd Boards) under the previous item including the focus of FWH Ltd (working with the Council) in seeking to maximise opportunities identified through its status as a Registered Provider in contributing towards the supply of affordable housing across the borough, Cabinet RESOLVED having also noted the current performance and strategic priorities outlined in relation to FWH, along with the exempt information contained within the appendices of the report:

 

(1)    To approve the 2024-25 First Wave Housing Ltd Business Plan and financial model as Guarantor of the Company.

 

(2)    To approvethe 2024-25 Service Level Agreement between First Wave Housing Ltd and the Council.

Supporting documents:

 

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