HRABP - Draft 8 - Flipbook - Page 26
Projected Capital Expenditure using Constant (2018) Prices
Previous stock condition surveys and the
ongoing capture of asset management
information updates our stock data and the
long-term investment requirements. These
investments include kitchens, bathrooms,
roofline, external doors, re-roofing, rewiring and central heating systems. The
data is broken down into planned work,
past refusals of work by tenants that are
subsequently completed and an allowance
for unplanned work that historically occurs.
The budget approach is to project a broad
level of investment annually over the
30 years and for the work to be ‘spread’
over the life of the business plan. This will
require certain work to be brought forward
on the schedule and some to be delayed.
The current projected outturn of
new homes by 2023 is 257 units.
14. Development Programme
The East Suffolk Housing Strategy identifies
the development of new council housing
through the HRA as one of the priorities for
the whole of East Suffolk. The target set in
that Strategy is 100 units per year for the 5
year period. The current projected outturn
of new homes by 2023 is 257 units, which
though not meeting the full aspiration
of the Strategy, will make a significant
contribution to meeting housing need and
reflects some of the difficulties in initiating
26 East Suffolk HRA Business Plan 2018 - 2048
Projected expenditure on all new
development over the 30 years
of this plan is £227m and aims to
deliver 1757 new homes.
the programme, particularly in identifying
a pipeline of potential development sites.
This investment will amount to £39.7m
over the initial years of the Business Plan.
Projected expenditure on all new
development over the 30 years of this
plan is £227m and aims to deliver 1757
new homes. There remains significant
financial
headroom
within
the
Government set borrowing cap, should a
future review of the business plan identify
the option to increase the size or speed of
delivery of the new housing development
programme. In 2017/18 a total of £2.6
million was invested in purchasing and
developing brownfield sites. A further
£10.6 million is budgeted for 2018/19
year. Further to this, an approved budget
of £23.7 million has been set aside for
brownfield site developments during
2019/20 and 2021/22. These figures form
part of the housing development finances.
15. Redevelopment Programme
Redevelopment of an element of the existing
housing stock is planned to respond to
changes in housing demand and to update
outdated stock types. These changes are
