Decision details

The Cabinet considered a proposal from Stockport Homes to establish a charitable subsidiary within the Stockport Homes Group structure to allow for it to bid for resources that might not otherwise be open to it as a public authority, thereby enabling additional resources to be attracted to Stockport and agreed that:-

•      having regard to the governance arrangement set out in the report, approval be given to the creation of a new charitable subsidiary within the Stockport Homes Group structure and,

•      the Corporate Director of Place Management and Regeneration in consultation with the Cabinet Member for Communities and Housing, be authorised to work with Stockport Homes Limited to establish a new charitable subsidiary that is capable of attracting additional resources and benefits for tenants and residents.

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