Decision

That, following satisfactory completion of
legal due diligence and having secured an appropriate allocation of
grant funding from Homes England, the site as set
out in Exempt Appendix 1 be acquired; and funded from a combination
of Homes England grant, other subsidy and up to £1,334,425
which forms part of the £20m prudential borrowing agreed by
Council on 16 May 2025.
 

Reasons for the decision

Completion of the legal due diligence process has concluded that
the Council’s acquisition of the property would represent
good and marketable Title and as such, the scheme represents a good
investment opportunity to reduce our revenue expenditure on
Temporary Accommodation. 
 

Alternative options considered

The
project could be put on hold or cancelled and the grant funding
allocated could be returned to central government.