Issue - items at meetings - Barley Homes Business Plan 2022

Issue - meetings

Barley Homes Business Plan 2022

Meeting: 06/12/2022 - Cabinet (Item 428)

428 Barley Homes: Business Plan 2022 pdf icon PDF 160 KB

Report number:     CAB/WS/22/072

Portfolio holder: Councillor Sara Mildmay-White

Lead officer: Julie Baird

Additional documents:

Decision:

Resolved:

 

That:

1.           The progress update for Barley Homes and steps outlined Report number Cab/WS/22/072, to secure its medium-term pipeline of sites, be noted.

 

2.           The Barley Homes Business Plan 2022, covering 2023 to 2024 and the medium term, attached at Exempt Appendix A to Report number CAB/WS/22/072, be approved.

Minutes:

(Report number CAB/WS/22/072)

 

The Cabinet considered this report which sought approval for the Barley Homes Business Plan 2022.

 

The draft business plan (Exempt Appendix A) focused on Barley Homes’ completion of the development of Westfield and Stonemill Place, Haverhill during 2022 as well as work to bring forward future development sites.

 

Councillor Sara Mildmay-White, Portfolio Holder for Housing and Strategic Health, drew relevant issues to the attention of Cabinet and explained that in the 2022 Business Plan, Officers had developed a set of appraisal criteria in order to evaluate potential sites (as referenced in the Cabinet Report number CAB/WS/19/041).  Sites had been selected based on this criteria and then progressed within the Business Plan. This appraisal criteria continued to be used for potential new pipelines sites assessed throughout 2022 to ensure there was a consistent approach. Barley Homes and the Council were continuing to work up a number of sites. At this stage no additional named pipeline sites had been added to the business plan.  However, this position may change as sites were appraised.

 

The Shareholder Advisory Group would consider the addition of new named sites joining the business plan during the course of the year against that appraisal criteria. But they would only be included if it still enabled Barley Homes peak debt to remain within the overall agreed £14.25m investment fund available. The 2021 Business Plan identified that work was being undertaken on the College Heath Road site in Mildenhall to refine the numbers, next steps and timescales. Updates since had included levelling the site in preparation for development, progressing the land assembly and assessing options for disposal.

 

Members also commended the development by Barley Homes of Westfield and Stonemill Place in Haverhill during 2022.

 

Resolved:

 

That:

1.           The progress update for Barley Homes and steps outlined Report number Cab/WS/22/072, to secure its medium-term pipeline of sites, be noted.

 

2.           The Barley Homes Business Plan 2022, covering 2023 to 2024 and the medium term, attached at Exempt Appendix A to Report number CAB/WS/22/072, be approved.


 

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