URL: https://rbwm.moderngov.co.uk/ieDecisionDetails.aspx?ID=460

Decision Maker:

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: Yes

Purpose:

Content: AGREED: That cabinet noted the report and: i) Agreed that: - Local authority members form a consortium outside of FHIL, so it collectively retains control over the loan scheme funds. - An FCA regulated provider is procured to undertake loan administration services for the consortium. - FHIL is wound down once the net assets have been transferred with appropriate safeguards. ii) Delegated to the Assistant Director for Housing and Public Protection: - the oversight of associated workstreams required to implement the above recommendation as the host authority of FHIL, and - the authority to agree any binding contracts on behalf of RBWM.

Date of Decision: September 30, 2025