Issue - meetings

Report of Chief Finance Officer and Director of Regeneration and Planning

Lead Cabinet member: Councillor Alan Shuttleworth

Resolved (Key decision):

(1) To adopt Eastbourne’s HRA 30-Year Business Plan as a basis for operating the future HRA Business.

(2) To agree the assumptions underpinning it.

(3) To note that the plan has been used as the starting point for setting the 2020/21 HRA Revenue Budget and Rents and the HRA Capital Programme 2019-23, which is considered as the next report on the listed agenda.

The Cabinet considered the report of the Chief Finance Officer and Director of Regeneration and Planning, presenting a new Housing Revenue Account (HRA) 30 Year Business Plan covering the years from 2019/20 to 2048/49, describing the assumptions that underpin it and highlighting the changes in approach, policy and aspirations when compared to previous plans.

Resolved (Key decision):

(1) To adopt Eastbourne’s HRA 30-Year Business Plan as a basis for operating the future HRA Business.

(2) To agree the assumptions underpinning it.

(3) To note that the plan has been used as the starting point for setting the 2020/21 HRA Revenue Budget and Rents and the HRA Capital Programme 2019-23, which is considered as the next report on the listed agenda.

Reason for decisions:

The Council now has an opportunity to increase its HRA stock holding and improve its offer to tenants and leaseholders (both current and future) as a result of the HRA debt cap being lifted and HRA rents increasing each year (with effect from 1st April 2020).