The Cabinet considered the report of the Director of Built Environment which indicated that the cessation of the Government Housing Capital Pot from 2011/12 had resulted in a funding shortfall for Disabled Facilities Grants and as a result the resources available are insufficient to meet the statutory requirements. The report sought approval of top-up funding for Disabled Facilities Grants (DFGs) from the prudential borrowing previously earmarked for housing purposes. The revenue cost associated with this borrowing is already built into the base budget.
This was a Key Decision and was included in the Council's Forward Plan of Key Decisions.
RESOLVED: That
(1) approval be given to the use of this year's unringfenced funding of £1,576,000 for Disabled Facilities Grants (DGCs) made available by the Department for Communities and Local Government;
(2) approval be given to the allocation of £1,000,000 of prudential borrowing previously earmarked by the Cabinet for housing purposes to replace the Government's Housing Capital Pot funding; and
(3) it be noted that the revenue costs associated with this borrowing is already built into the base budget.