Issue - meetings

To consider a report of the Corporate Director for Place Management & Regeneration.

This Item has been placed on the agenda at the request of the Chair.

The report outlines the details of Executive’s decision to enter into a Deed of Indemnity in relation to the establishment of the Greater Manchester Housing Investment Fund

The Scrutiny Committee is recommended to note the report.

Officer contact: Andy Kippax on 0161 474 4319, or email: andy.kippax@stockport.gov.uk

The Chief Executive submitted a report of outlining the details of Executive’s decision to enter into a Deed of Indemnity in relation to the establishment of the Greater Manchester Housing Investment Fund.

RESOLVED – That the report be noted.

To consider a report of the Corporate Director for Place Management & Regeneration.

(NOTE: This item contains background information which is ‘Not for Publication’ and has been circulated to members of the Scrutiny Committee only).

The report outlines the details of Executive’s decision to enter into a Deed of Indemnity in relation to the establishment of the Greater Manchester Housing Investment Fund

The covering report was originally produced for the Adult Care Services & Housing Scrutiny Committee and has been forwarded to this Corporate, Resource Management & Governance Scrutiny Committee for information.

The Scrutiny Committee is recommended to note the report.

Officer contact: Andy Kippax on 0161 474 4319, or email: andy.kippax@stockport.gov.uk

A representative of the Corporate Director for Place Management and Regeneration submitted a report (copies of which had been circulated) outlining the details of the Executive’s decision to enter into a Deed of Indemnity in relation to the establishment of the Greater Manchester Housing Investment Fund.

The Greater Manchester Devolution Agreement provided for a Housing Investment Fund of £300m, to be invested in the form of recoverable loans and equity into property investments to deliver growth ambitions for Greater Manchester. This fund would deliver approximately 15,000 homes across Greater Manchester during the year lifetime.

The Leader of the Council (Councillor Sue Derbyshire) in her capacity as Portfolio Lead for AGMA and Councillor the Executive Councillor (Support and Governance) (Councillor Iain Roberts) attended the meeting in order                          to respond to Members’ questions.

The following comments were made/issues raised:-

·         From this Scrutiny Committee’s perspective, the development of the Fund was still at an early stage for Members to comment fully.

·         The sites currently being brought forward were sites which Officers knew about and were suitable for housing.

·         The scheme was geared to land owners and smaller developers providing new housing and renovations and conversions of existing buildings. The scheme was not yet at the stage where developers were being selected,but when they were, planning policy requirements did include requirements for local labour/training.

·         The success of the scheme would be gauged by the number of new housing units being built.

·         Manchester City Council was leading on the project and the risks to the local authorities would be minimised by checks and balances within the scheme.

·         The powers of the Homes and Communities Agency with regard to compulsory purchase were powers inherited from English Partnerships.

RESOLVED – That the Scrutiny Committee supports those aspects of the scheme which fall within its remit.

To consider a report of the Corporate Director for Place Management & Regeneration.

This Item has been placed on the agenda at the request of the Chair.

The report outlines the details of Executive’s decision to enter into a Deed of Indemnity in relation to the establishment of the Greater Manchester Housing Investment Fund

The Scrutiny Committee is recommended to note the report.

Officer contact: Andy Kippax on 0161 474 4319, or email: andy.kippax@stockport.gov.uk

RESOLVED – That consideration of this item be deferred until the next meeting of the scrutiny committee.