HRABP - Draft 8 - Flipbook - Page 7
5 Managing Risk
Identifying and managing risk ensures that the Plan is
sustainable in the long term, given the potential impact of
change in the external economic and social environment
and from Government policy. The Plan uses a range of
assumptions to predict future income and expenditure.
These have been set at prudent levels in order to minimise
risk. The key risks and mitigating actions are identified in
the full Business Plan. Some of the risks to the Plan have
reduced with recent Government commitments giving
medium term certainty on rent, mitigating some of the
most severe impacts of Welfare Reform.
KEY RISK
Capita
S
l Receipt
s
Rent P
olicy
Inflatio
n
Capita
Welfa
Brexit
l Costs
re Reform
6 Investment Programme
6.1 Programmed investment in current
housing stock
Planned capital
investment in
housing stock
£83.8m
over 30 years
Total planned capital investment in the existing HRA
housing stock totals £83.8m over 30 years on a range
of elements including: kitchens, bathrooms, external
doors, re-roofing, re-wiring and central heating systems
to maintain the housing stock in good condition.
All elements of the planned works incorporate
sustainability measures where possible.
6.2 Redevelopment and Adaptation
The redevelopment and adaptation work has been
valued at an expected £55.9m investment over the
30 years which can be viably funded through the
HRA. This ranges from conversion and upgrading
of unpopular bedsit accommodation to conversions
of larger older properties which are no longer fit
for purpose. The current programme has identified
a pipeline of properties rising to approximately 30
upgraded properties per year.
Redevelopment and
adaptation work valued at
£55.9m
over 30 years
East Suffolk HRA Business Plan 2018 - 2048
