Purpose

The Cabinet will be presented with an update
on current projects within the Be First Business Plan for 2024/25
and, if necessary, asked to agree proposed revisions to project
parameters and/or funding issues.

Content

Cabinet resolved to:
 
(i)  Note the
successful delivery by Be First of 745 new homes to date during
2024 and the planned handover of a further 212 homes in the
remainder of 2024;
 
(ii)  Approve the
following increases to the Capital budgets for the respective
schemes, as detailed in paragraphs 2.7 to 2.20 of the report:
· 
Woodward Road – £3.6m
· 
Gascoigne East Block I - £750,000
 
(iii)  Approve, in
principle, a budget increase of up to £2.5m for the
Roxwell Road scheme, for the reasons
set out in paragraphs 2.21 to 2.24 of the report, and delegate
authority to the Strategic Director, Resources, to agree the final
budget requirement and increase the respective Capital budget
accordingly.