Decision details

The report of the Management Team set out an indicative response to ‘The Future of the New Homes Bonus’ consultation recently published by the Government.  The deadline for responses was 7 April 2021.

Concern was expressed that the proposals could have a significant financial impact on the Borough Council and that, dependent on the outcome of the consultation, the funding gap would be more than that currently reflected in the Medium Term Financial Strategy and, in turn put financial sustainability to greater and greater risk.

The Cabinet resolved that:

(1)         the indicative response to ‘The Future of the New Homes Bonus’ consultation, attached at Annex 1, be approved in principle; and

(2)        delegated authority be given to the Leader and the Cabinet Members for Finance, Innovation and Property and Strategic Planning and Infrastructure, in liaison with the Chairman and Vice-Chairmen of the Overview and Scrutiny Committee, to make any appropriate adjustments to the indicative response should any new information need to be added in advance of the deadline of 7 April 2021.