Agenda item

This report presents the draft 30 year Business Plan and Budget 2024/25 for Blackpool Housing Company Limited (BHC) and its subsidiary, Lumen Housing Limited (Lumen).  These were approved by the respective Company Boards in February 2024.

(This item contains commercially sensitive information which is exempt from publication by virtue of Paragraph 3 of Part 1 of Schedule 12A of the Local Government Act 1972).

(The press and public were excluded from the consideration of this item as defined in Paragraph 3 of Part 1 of Schedule 12A of the Local Government Act 1972).

Ms Lisa Murphy, Director of Finance and Resources, Blackpool Housing Company Limited and Mr Lee Burrell, Director of Development, Blackpool Housing Company Limited presented the Company’s refreshed Business Plan and budget for 2024/25 to the Committee.

Shareholder Committee decision:

To endorse the Blackpool Housing Company Limited Business Plan and budget 2024-2025.

Reason for decision:

To keep the Shareholder appraised on circumstances affecting the business notably the contents of the business plan and budget for 2024.25.

Other options considered:

None - The attached business plan meets the Shareholders requirement that all Blackpool Council wholly owned companies produce a three-year business plan, as outlined in the governance framework policy.

Date of decision:

26 March 2024.

Ms Lisa Murphy, Director of Finance and Resources, Blackpool Housing Company Limited and Mr Lee Burrell, Director of Development, Blackpool Housing Company Limited left the meeting following the conclusion of this item.