The Cabinet of Gateshead Council met on Tuesday, 25 June 2024, to discuss several key issues, including the approval of borrowing powers for the North East Combined Authority (NECA), the annual treasury report, and the Housing Delivery Test Action Plan. Decisions were made on the NECA borrowing powers and the Housing Delivery Test Action Plan, while the treasury report was reviewed.

NECA Borrowing Powers

The Cabinet approved the proposal to grant borrowing powers to the North East Combined Authority (NECA). This decision allows NECA to borrow funds for transport and infrastructure projects, which is expected to accelerate regional development. The proposal was supported by arguments highlighting the potential for economic growth and improved connectivity. One councillor noted, Granting borrowing powers to NECA will enable us to invest in critical infrastructure projects that are essential for the region's future.

Treasury Annual Report 2023/24

The Treasury Annual Report 2023/24 was reviewed, detailing the council's financial activities over the past year. The report highlighted the council's efforts to manage debt and investments prudently, ensuring financial stability. Key points included the reduction of overall debt levels and the successful management of investment portfolios. The report was noted for its comprehensive analysis of the council's financial health.

Housing Delivery Test Action Plan

The Cabinet approved the Housing Delivery Test Action Plan, which aims to address the shortfall in housing delivery within the borough. The plan includes measures to streamline the planning process, incentivise developers, and identify new sites for housing. Councillors discussed the importance of meeting housing targets to ensure adequate provision for the growing population. One councillor stated, This action plan is crucial for meeting our housing needs and ensuring that we provide sufficient homes for our residents.

Contracts List

The Contracts List for June 2024 was presented, detailing upcoming contracts and procurement plans. The list included various projects, such as maintenance services, construction contracts, and consultancy services. The discussion focused on ensuring value for money and adherence to procurement regulations.

Capital Monitoring Outturn 2023/24

The Capital Monitoring Outturn 2023/24 report was reviewed, summarising the council's capital expenditure and project completions for the year. The report highlighted key projects that were completed on time and within budget, as well as those that faced delays or cost overruns. Councillors emphasised the importance of effective project management to ensure the successful delivery of capital projects.

Revenue Budget Q4 2023/24

The Revenue Budget Q4 2023/24 report was discussed, providing an overview of the council's financial performance in the final quarter of the fiscal year. The report indicated a balanced budget, with some areas of overspend offset by savings in other areas. Councillors discussed strategies for maintaining financial discipline and addressing any budgetary pressures in the coming year.

Additional HMO Licensing

The Cabinet considered the Additional HMO Licensing proposal, which aims to extend licensing requirements for Houses in Multiple Occupation (HMOs) to improve housing standards and tenant safety. The proposal was supported by evidence of poor conditions in some HMOs and the need for greater regulatory oversight. Councillors debated the potential impact on landlords and tenants, with one councillor noting, While this may increase costs for landlords, it is essential for ensuring safe and decent living conditions for tenants.