Purpose

This report summarises proposed amendments to
the Capital Programme
considered by the Capital Strategy Group on 28 January
2025.

Content

RESOLVED
that:-
 
(1
)     Loan to Advance
Northumberland – Longhorsley
Scheme
 
a)      
Cabinet approve the proposed spend of £9.665 million
(£3.670 million in 2024-25 and £5.995 million in
2025-26) to provide a loan to Advance Northumberland Developments
Ltd for the purchase of land at Longhorsley and subsequent construction of 55 new
Ascent Homes. This spend will be funded from the existing Loans to
Third Parties project in the capital programme. 
 
(2)
     Energising Blyth
Levelling Up Deep Dive: Town Centre Extra Care Facility
 
a)      
Cabinet approve the proposed spend of £1.000 million
(£0.075  million in 2024-25 and
£0.925 million in 2025-26) in advance of a full business case
in order to carry out property acquisitions and demolition work for
the development of an Extra Care Facility. This spend will be
funded from the existing Energising Blyth Levelling up Deep Dive
– Housing Renewal and Town Centre Living project in the
capital programme;
. 
b)      
Cabinet approve the amendment to the capital programme to
reallocate £1.000 million (£0.075 million in 2024-25
and £0.925 million in 2025-26) from the Energising Blyth
Levelling up Deep Dive – Housing Renewal and Town Centre
Living project to the Energising Blyth Levelling Up Deep Dive: Town
Centre Extra Care Facility project in the capital
programme;
 
c)      
Cabinet delegate authority to the Executive Director for Place
& Regeneration in consultation with the Executive Director of
Transformation and Resources and the relevant Cabinet Member, to
enter into a demolition contract relating to the project and to
complete strategic property acquisitions subject to confirmation of
associated funding being in place and the appropriate/compliant
procurement processes being followed; and?
 
d)      
Cabinet approve the appropriation of land, required to deliver the
scheme, from the Housing Revenue Account (HRA) to the General Fund
at market value.