URL: https://democracy.ne-derbyshire.gov.uk/ieDecisionDetails.aspx?ID=1267

Decision Maker: Cabinet

Outcome:

Is Key Decision?: Yes

Is Callable In?: No

Purpose:

Content: Cabinet considered a report which asked them to consider supporting Rykneld Homes Limited’s (RHL) proposal to acquire 39 new homes to rent at Earls Park, Holmewood, The report also asked Cabinet to consider recommending to Council additional General Fund borrowing to provide investment to RHL, in the form of a loan, to progress with the acquisition. The report outlined RHL’s proposal and detailed the viability of the scheme.   Cabinet considered the report. There were discussions around value for money, value to the Council and residents, the design of the development and borrowing headroom.   RESOLVED – That   1. Cabinet approved RHL’s proposal to acquire 39 homes for rent at Earls Park Holmewood   2. Cabinet recommended, to Council, borrowing of £5.553m to provide investment, in the form of a loan, to RHL to progress with the acquisition.   REASONS FOR DECISION   The opportunity to bring new affordable homes into the District meets the objectives in the Council Plan and Housing Strategy and provides warm safe homes for our residents at affordable rents.   OTHER OPTIONS CONSIDERED AND REJECTED   To not support the scheme. Not considered as the acquisition meets the Council’s objectives regards housing supply.   This was a Key Decision. The call[1]in period for this decision would run until Thursday 4 December 2025.   Councillor Kevin Gillott returned to the meeting.  

Date of Decision: November 27, 2025