Decision Maker: Shareholder Committee

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Date of Decision: October 1, 2024

Purpose: Shareholder Committee is recommended to note the Financial Model & Business Plan, the annual governance forward plan for 2024/25 as well as the summary of performance to date for the More Homes Waltham Forest joint venture limited liability partnership (LLP) with Mears PLC.

Content: Shareholder Committee noted: (1)           the Govenance Forward Plan for the More Homes Waltham Forest joint venture attached as Appendix 1 to the report;   (2)           the More Homes Waltham Forest Annual Report and Financial Statements 2023/24, as approved by the JV Board and attached as Appendix 2 to the report;   (3)           the More Homes Waltham Forest Financial Model and Business Plan 2024/25 attached as Appendix 3 to the report; and   (4)           the summary Key Performance Indicator (KPI) report detailing performance of the JV in Q1 attached as Appendix 4 to the report.   Options & Alternatives Considered   There are no options or alternatives considered for the purpose of this More Homes Waltham Forest joint venture scheme specific update report.