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Issue - meetings

HIF BID UPDATE

Meeting: 19/11/2019 - Cabinet (Item 383)

383 HOUSING INFRASTRUCTURE FUNDING (HIF) BID UPDATE pdf icon PDF 56 KB

Minutes:

The Chief Executive informed Cabinet that the Council’s bid for Housing Infrastructure Funding (Forward Funding) for the St George’s project had been successful and explained that due process would be followed and considered by Cabinet and Council as to whether or not to accept the funding. It was reported that discussions were ongoing with Homes England and an update would be provide at future Cabinet and Council meetings, once the Elections had been held.

 

RESOLVED:

 

That it be noted that the Council had been advised that its bid for Housing Infrastructure Funding (Forward Funding) for the St George’s project had been successful.

 

Reason for the decision: To advise Cabinet that the HIF submission had been successful. It was made clear in January 2019 that ultimately Council would take the decision as whether to accept HIF. Any recommendation will be dependent on the next stage of work being concluded and the timing of any decision making process will not be affected by the Purdah period.

The decision making process would also support activity by the relevant Scrutiny Panel should they wish.