Decision details
Flexible Home Improvement Loans Limited - Future of Company
Decision Maker: Executive
Decision status: Recommendations Approved (subject to call-in)
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
To agree with other local authority members to
form a consortium to manage the loan scheme.
Decision:
Resolved
(1) That authority be delegated to the Executive Director Neighbourhood Services to enter into negotiations to form a consortium with other Local Authority members.
(2) That authority be delegated to the Executive Director Neighbourhood Services to engage with the procurement of a Financial Conduct Authority (FCA) regulated provider to undertake loan administration services on behalf of the consortium.
(3) That the Executive Director Neighbourhood Services be authorised to engage with the winding up of Flexible Home Improvement Loans Limited once the net assets have been transferred with the appropriate safeguards.
(4) That authority be delegated to the Executive Director Neighbourhood Services, in consultation with the Monitoring Officer and Section 151 Officer, to negotiate and agree new contracts pertaining to the future of Flexible Home Improvement Loans Limited on behalf of the Council.
Reason Key: Significant Effect on communities in two or more wards;
Corporate Priorities : Quality housing and place making;
Wards Affected: (All Wards);
Reason No Public Access: No
Declarations: None
Subject to Urgent Proceedings: No
Contact: Richard Smith, Head of Housing Email: richard.smith@cherwell-dc.gov.uk Tel: 01295 221640.
Report author: Richard Smith
Publication date: 03/12/2025
Date of decision: 02/12/2025
Decided at meeting: 02/12/2025 - Executive
Date comes into force if not called in: 10/12/2025
Call-in deadline date: 09/12/2025
Current call-in Count: 0
Accompanying Documents:
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