Issue - meetings

Report of the Deputy Chief Executive (Community Direction) to inform Council of a successful funding bid to the Government’s Right to Buy Social Mobility Fund and seek approval for the associated supplementary budgets.

Council was advised of a successful funding bid to the Government’s Right to Buy Social Mobility Fund and the requirement to approve a supplementary budget to be able to utilise this funding. It was explained that this scheme was an alternative to the Right to Buy Scheme and would support tenants in buying a property on the open market, thereby retaining council stock to be re-let. Concern was expressed by some members who believed that the Government would require the Council to sell the void property rather than re-let it, and in response it was stated that there would be a meeting with CLG the following week, at which such questions would be raised. It was moved by Councillor Boothby, seconded by Councillor Williams and

RESOLVED –

(i)            The awarding of £16,000 and priorities for use be noted;

(ii)           A supplementary capital income budget of £160,000 be approved;

(iii)          A supplementary capital expenditure budget of £180,000, which will be treated as revenue expenditure funded from capital under statute (REFUS), financed from £160,000 from central government and £20,000 from the general fund through Revenue Contributions to Capital Outlay (RCCO) be approved.