URL: https://democracy.stockport.gov.uk/ieDecisionDetails.aspx?ID=8507

Decision Maker: Cabinet (Housing) Committee

Outcome:

Is Key Decision?: Yes

Is Callable In?: Yes

Purpose: To approve new schemes and delegate responsibility for the final approval of schemes once works have been put out to tender.

Content: The Committee has considered a proposal for four new housing developments led by Stockport Homes Group (SHG) through the Housing Revenue Account (HRA) capital programme at London Road Extra Care, Romiley Liberal Club, Sunfield and Andrew Street phase 2, and has:-   (1) Given approval in principle to progress the schemes detailed in this report including: identifying appropriate procurement strategy and routes to market, and commencing appropriate procurement processes to select contractor(s) and professional teams, applying for HE, Brownfield and any relevant grants, any other association grants; and subject to further and ongoing assessments in relation the financial viability of each individual scheme.   (2) Given approval to the development costs of the schemes (£57.448m) as detailed in section 5 of the report plus a provision for a variation in final costs of up to 10% subject to financial viability conditions continuing to be met (£5.745m). Overall value £63.193m. Scheme and viability variations will be reported to Capital Board.   (3) Delegated authority to the Deputy Chief Executive and Director of Finance in consultation with Cabinet Members for Finance & Resources and Housing & Environment to enter into relevant building and acquisition contracts following completion of appropriate procurement process(es) should the schemes still be financially viable.   (4) Delegated authority to the Deputy Chief Executive and Director of Finance in consultation with Cabinet Members for Finance & Resources and Housing & Environment to apply for and enter into relevant grant agreements should the schemes still be financially viable.   (5) Delegated authority to the Deputy Chief Executive and Director of Finance in consultation with Cabinet Members for Finance & Resources and Housing & Environment to approve additional costs under 10% of the value stated in the table in 5.6 (£57.448m).   (6) Delegated authority to the Deputy Chief Executive and Director of Finance in consultation with the Cabinet Members for Finance & Resources and Housing & Environment to adjust the financing of the schemes with available monies such as but not limited to 1-4-1 receipts and borrowing to aid the financial viability of the schemes if required.   (7) Delegated authority to the Assistant Director of Governance to take such steps and complete such agreements and contracts as are necessary to implement the resolutions recommended in this report and any decisions properly made under the authority delegated by these recommended resolutions. To not proceed with the proposal, however this would then not deliver the 202 new homes including the identified need for specialist and supported housing and low cost home ownership projects meet the high need for first time buyers currently priced out of the market in Stockport. None.

Date of Decision: February 11, 2026