Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: March 10, 2025

Purpose: to provide Cabinet with a final draft of the i4B Holdings Ltd (i4B) 2025/26 Business Plan. Cabinet is asked to approve the Business Plan on behalf of the Shareholder.

Content: Cabinet noted the introductory comments made by Andrew Hudson (as Chair of the i4B and First Wave Housing (FWH) Ltd Boards) in presenting the i4B and FWH Business Plans and strategic priorities for both companies.   In focussing on key areas of activity moving forward he highlighted the work being undertaken to improve voids performance (including minor voids) as well as to monitor and improve results relating to tenant satisfaction measures to achieve sustainable levels of performance including implementation of a supporting Improvement Plan to deliver changes designed to enhance tenant experience.   In terms of strategic challenges, he advised members that they key focus remained in seeking to maximise the Boards contribution to the Council’s wider priorities, with a specific focus in supporting the work being undertaken to tackle the demand for housing and increasing levels of homelessness.  In noting the success of the acquisitions programme during 2024-25 the Board had continued to identify workstreams over the coming year aiming to increase i4Bs level of stock although, given the more challenging nature of market conditions, members were advised this was likely to involve a range of wider options and overall reduction in the level of acquisitions acheived.  Details were also provided in relation to the work being taken to address asset management and energy efficiency as well as wider support to tenants, including in being able to live more independently.   In recognising the challenges outlined alongside current performance and welcoming the approach adopted in relation to the strategic priorities identified by i4B, Cabinet RESOLVED:   (1)      To approve the 2025-26 i4B Holdings Ltd Business Plan and financial model as Shareholder of the Company.   (2)      To approvethe 2025-26 Service Level Agreement between i4B Holdings Ltd and the Council.   Eligible for call-in: Yes   Deadline for submission of call-in: 6pm on Monday 17 March 25