Decision Maker: Delegated Decisions

Outcome: Recommendations Approved (subject to call-in)

Is Key Decision?: No

Is Callable In?: No

Date of Decision: December 9, 2025

Purpose: To consider the closure of the FHIL company and proposed succession arrangements (a consortium of 17 local authorities) to ensure the ongoing availability of home improvement loans.

Content: 1.         That the local authority members form a consortium outside of Flexible Home Improvement Loans Limited (FHIL), so it collectively retains control over the loan scheme funds. 2.         That the commencement of a procurement exercise for a FCA regulated provider to undertake loan administration services for the consortium, be approved. 3.         That FHIL be wound down once the assets have been transferred with the appropriate safeguards. 4.         That authority be delegated to the Director of Customer and Community Services, in consultation with the Cabinet member for Housing, to finalise the arrangements for the creation of the consortium and associated workstreams to implement the above recommendations.