Issue details

Brierley Homes Affordable Homes Funding

 

 

To request additional loan facility approval to Brierley Homes of £1.4m. This requirement has arisen due to the provision of additional affordable homes above policy being delivered by Brierley Homes (which was not envisioned when the total loan requirements for the company of £25m were calculated).

Decision type: Key

Reason Key: Expenditure >£500,000 & Effects from than one division;

Decision status: Recommendations Approved

Notice of proposed decision first published: 21/07/2025

This decision will be taken under urgency procedures.

Reason for urgency:
The urgency requirement has arisen due to the cashflow position of the Company with regard to specific housing sales which have been delayed.

Timescales are now more urgent, such that the decision is required to be taken and implemented immediately, under the urgency powers of the relevant Executive Member in the Executive Members’ Delegation Scheme.

This matter therefore requires an urgent decision by the Deputy Leader of the Council (who has the Finance portfolio) on 21 July 2025 and cannot reasonably be deferred, to avoid potential cash flow issues which may otherwise arise from recent delays encountered in the house purchase process and to enable the timely consideration and progress of this matter, to meet the interests of all parties and the wider general public interest.

Decision due: 21 Jul 2025 by Deputy Leader & Executive Member for Finance & Resources

Lead member: Deputy Leader & Executive Member for Finance & Resources

Lead director: Corporate Director of Resources

Contact: Gary Fielding, Corporate Director of Resources Email: gary.fielding@northyorks.gov.uk Email: gary.fielding@northyorks.gov.uk.

Consultation process

Executive Committee

Consultees

Deputy Leader and Executive Member for Finance and Resources
Brierley Homes Board

Decisions

Documents