Decision details

The decision will provide the necessary resource to part-develop the Housing Infrastructure Fund business case (including expenditure associated with land assembly costs) which seeks up to £230M of infrastructure support from Homes England to unlock significant housing delivery.

A decision was taken to allocate £155,000 to support Housing Infrastructure Fund (HIF) Forward Funding business case development. The decision will approve capital programme for expenditure from the WECA match provisional budget allocation in 2018/19 & 19/20. This will support future investment in land and infrastructure to delivery housing growth via WECA investment funding.

Option 1 - Do Nothing or defer until WECA have defined source of fund.

This option is discounted as it will not provide the necessary resource to our HIF business case for £230M infrastructure support weakening the bid to Homes England. As this is a UK competitive process this would introduce a significant risk to success. Waiting would delay the submission of the OBC and therefore not enable WECA to apply for the HIF within timeframe.