Purpose

To seek approval of investment for the acquisition of up to 75 homes for use as Temporary Accommodation.

Decision

The Committee RESOLVED (unanimous vote in favour):

1. To approve the proposal to spend up to £33,383,400 in PWLB borrowing on the acquisition of up to 75 homes for use as Temporary Accommodation subject to:

a. the Full Business Case being signed off; and

b. the £33,383,400 (or such other amount as agreed) being approved within the Council’s full budget for the 2025/26 financial year.

1. To authorise the Executive Director: Growth and Regeneration in consultation with the S151 Officer and Chair of the Strategy and Resources Policy Committee to take all steps required to sign off and implement the Full Business Case.