Issue - meetings

RESOLVED:            That the contents of the report be noted, and the Grant Thornton risk premium be re-visited. 

Reason for Decision

To provide an update regarding funding arrangements for the Council’s wholly owned housing companies including details of existing arrangements, interim measures and new facilities to be put in place.

Click here to view the recording of this item on YouTube

The Committee was presented with a report which provided an update regarding funding arrangements for the Council’s wholly owned housing companies including details of existing arrangements, interim measures and new facilities to be put in place.

A discussion was held on the Grant Thornton recommendations and it was agreed that its risk premium details should be re visited.  It was noted that the although the Bank of England base rate had reduced this was not currently reflected in the Public Works Loan Board lending rates. 

RESOLVED:           That the contents of the report be noted, and the Grant Thornton risk premium be re-visited. 

Reason for Decision

To provide an update regarding funding arrangements for the Council’s wholly owned housing companies including details of existing arrangements, interim measures and new facilities to be put in place.