Decision details

RESOLVED that:-

(1 )     Loan to Advance Northumberland – Longhorsley Scheme

a)       Cabinet approve the proposed spend of £9.665 million (£3.670 million in 2024-25 and £5.995 million in 2025-26) to provide a loan to Advance Northumberland Developments Ltd for the purchase of land at Longhorsley and subsequent construction of 55 new Ascent Homes. This spend will be funded from the existing Loans to Third Parties project in the capital programme. 

(2)      Energising Blyth Levelling Up Deep Dive: Town Centre Extra Care Facility

a)       Cabinet approve the proposed spend of £1.000 million (£0.075  million in 2024-25 and £0.925 million in 2025-26) in advance of a full business case in order to carry out property acquisitions and demolition work for the development of an Extra Care Facility. This spend will be funded from the existing Energising Blyth Levelling up Deep Dive – Housing Renewal and Town Centre Living project in the capital programme;

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b)       Cabinet approve the amendment to the capital programme to reallocate £1.000 million (£0.075 million in 2024-25 and £0.925 million in 2025-26) from the Energising Blyth Levelling up Deep Dive – Housing Renewal and Town Centre Living project to the Energising Blyth Levelling Up Deep Dive: Town Centre Extra Care Facility project in the capital programme;

c)       Cabinet delegate authority to the Executive Director for Place & Regeneration in consultation with the Executive Director of Transformation and Resources and the relevant Cabinet Member, to enter into a demolition contract relating to the project and to complete strategic property acquisitions subject to confirmation of associated funding being in place and the appropriate/compliant procurement processes being followed; and?

d)       Cabinet approve the appropriation of land, required to deliver the scheme, from the Housing Revenue Account (HRA) to the General Fund at market value.