Issue - meetings

To consider approving the Strategy.

Purpose of report

To consider the new Asset Management Strategy.

Decision

That Cabinet:

1.    Approve and adopt the new Asset Management Strategy.

2.    Agree that any future minor amendments (i.e. changes to wording to reflect changes in process) required through the life of the strategy are delegated to the Head of Service – Technical Services, in consultation with the Cabinet Member for Housing.

Other options considered

Retaining the existing strategy was ruled out as it was considered out of date and no longer fit for purpose.

Reasons for the decision

The Council was required to have an up-to-date asset management strategy to set out how it would ensure that properties remained safe, suitable, affordable and efficient in the long term.

The purpose of this strategy was to:

·       Manage available resources effectively to balance investment need across repairs and improvements ensuring the long-term viability of Council housing.

·       Ensure: homes were safe, met modern standards and were suitable for diverse needs; improved tenant satisfaction; reduced void times.

·       Ensure that properties met current regulations, energy efficiency and environmental standards and avoided non-compliance.

·       Future proof properties against climate change and evolving tenant demands through planned investment.

·       Optimise value for money and make informed decisions about maintenance.

·       Link to the Council’s Corporate Plan and key priorities.

The following groups were consulted on the proposed new Housing Asset Management Strategy:

·       Housing OSC

·       Housing Department Management team

·       Resident workshop and online consultation.