Introduction
To supplement the main report this appendix provides the detailed breakdown of the capital programme for 2024/25 and the following four financial years. Only the 2024/25 budget requires approval. A high level summary is provided by programme with a strategy statement and detailed table for each programme provided.
High Level Capital Budget Proposals
|
|
Proposed 2024/25 budget for approval £’000 |
Profiled budget from 2023/24 £’000 |
Total Budget 2024/25 |
Provisional Budget 2025/26 |
Provisional Budget 2026/27 |
Provisional Budget 2027/28 |
Provisional Budget 2028/29 |
|
Expenditure |
|
|
|
|
|
|
|
|
New Supply |
13,040 |
22,969 |
36,009 |
13,081 |
5,000 |
3,634 |
*- |
|
Health & Safety |
11,814 |
482 |
12,296 |
12,116 |
10,096 |
8,011 |
8,450 |
|
Major Works |
13,398 |
5,972 |
19,370 |
26,595 |
26,740 |
30,309 |
34,900 |
|
Planned Works |
10,353 |
80 |
10,433 |
9,656 |
9,939 |
10,206 |
10,507 |
|
Sustainability |
6,390 |
- |
6,390 |
6,390 |
5,680 |
5,950 |
6,390 |
|
Other |
2,960 |
165 |
3,125 |
2,968 |
2,826 |
2,835 |
2,844 |
|
Total Capital Investment |
57,955 |
29,668 |
87,623 |
70,806 |
60,281 |
60,945 |
63,091 |
|
Funding |
|
|
|
|
|
|
|
|
Major Repairs Reserve |
16,516 |
|
16,516 |
17,345 |
18,255 |
19,098 |
20,017 |
|
HRA Reserves |
|
410 |
410 |
|
|
|
|
|
Capital Receipts |
700 |
2,088 |
2,788 |
|
|
|
|
|
Right to Buy Receipts |
1,856 |
1,306 |
3,162 |
2,923 |
1,500 |
1,090 |
|
|
Energy Grants |
180 |
|
180 |
180 |
180 |
180 |
180 |
|
Land Release Funding |
1,797 |
|
1,797 |
|
|
|
|
|
Commuted Sums |
1,425 |
|
1,425 |
|
|
|
|
|
Leaseholder Income |
500 |
|
500 |
500 |
500 |
500 |
500 |
|
HRA Borrowing |
34,891 |
25.864 |
60,845 |
49,858 |
39,846 |
40,077 |
42,394 |
|
Total Funding |
57,955 |
29,668 |
87,623 |
70,806 |
60,281 |
60,945 |
63,091 |
*subject to the approval of new projects
Detailed Capital Budgets breakdown
|
New Supply
Delivering new affordable housing remains a key investment priority for the HRA and is supported in the capital programme during 2023/24 and beyond. Dedicated staffing resources to continue to deliver on this priority are included in the revenue budget. The council takes a blended approach to delivery ensuring that new supply is provided through new build, acquisitions and refurbishment programmes.
Construction costs are estimated at the early design stage for new build projects (based on benchmark data and other tender returns) and then updated as the projects progress. New Build projects face significant challenges such as rising construction costs and will need to achieve key milestones e.g. achieving planning permission, to progress to the anticipated programme.
The forecast includes the council’s commitment to a further 154 homes over the 5-year period in total; this is in addition to the 769 homes that have been delivered since 2019 up to March 2024. The policies and budgets for the projects listed below have received formal committee approval. New projects are subject to an individual business case being approved, where possible the current strategy is for the new schemes to break even, they will be presented to committee separately and included in future budget reports where applicable. |
|
New Supply |
Total Budget 2024/25 £’000 |
Provisional Budget 2025/26 £’000 |
Provisional Budget 2026/27 £’000 |
Provisional Budget 2027/28 £’000 |
Provisional Budget 2028/29 £’000 |
|
Acquisitions |
|
|
|
|
|
|
Home Purchase Policy |
17,674 |
5,000 |
5,000 |
3,634 |
|
|
Joint Venture Purchases |
337 |
2,123 |
|
|
|
|
Housing Led |
|
|
|
|
|
|
Palace Place |
1,495 |
|
|
|
|
|
Hidden Homes |
3,700 |
2,200 |
|
|
|
|
New Homes for Neighbourhoods |
|
|
|
|
|
|
Feasibility Studies |
200 |
200 |
|
|
|
|
Rotherfield Crescent & Frederick Street |
1,423 |
|
|
|
|
|
Windlesham |
2,690 |
3,558 |
|
|
|
|
Moulsecoomb Hub |
8,423 |
|
|
|
|
|
Eastergate Road |
67 |
|
|
|
|
|
Total New Supply |
36,009 |
13,081 |
5,000 |
3,634 |
|
|
Health & Safety Works The health & safety of our residents and those who visit and work on our homes is our key priority. Legislative and regulatory changes impacting social housing landlords following the Grenfell Tower tragedy, require the Housing service continue to review our approach to health & safety compliance and assurance for council homes. Housing & New Homes Committee on 21st June 2023 and 20th September 2023 considered reports on key outcomes, resourcing, Action Plan and progress arising from the Housing, Health & Safety Compliance Review undertaken to ensure resources and action in the service were aligned to compliance with new legislation and regulations. This includes the Building Safety Act, Fire Safety Regulations and Social Housing (Regulation) Act. The Capital Investment Programme supports programmes of work that are necessary to meet the new regulations now coming into force and the requirements of these. These works are essential for the safety of all our residents and will be programmes over the coming years. |
|
Health & Safety Works
|
Total Budget
2024/25 |
Provisional
Budget 2025/26 |
Provisional
Budget 2026/27 |
Provisional
Budget 2027/28 |
Provisional
Budget 2028/29 |
|
Fire Safety & Asbestos Management |
4,120 |
4,120 |
4,120 |
4,120 |
4,120 |
|
Fire Doors |
830 |
860 |
891 |
924 |
967 |
|
Electrical Compliance Testing Programme* |
3,154 |
3,280 |
1,640 |
|
|
|
Rewiring - Domestic/ Communal |
1,530 |
1,586 |
1,654 |
1,723 |
1,786 |
|
Condensation & Damp Works |
830 |
860 |
891 |
924 |
967 |
|
Lifts |
1,722 |
1,350 |
840 |
260 |
550 |
|
Water Tanks |
110 |
60 |
60 |
60 |
60 |
|
Total Health & Safety Works |
12,296 |
12,116 |
10,096 |
8,011 |
8,450 |
*Electrical compliance programme is expected to be for a 3 year period after this investment will be an ongoing revenue cost to ensure 100% compliance.
|
Major Works
|
Total Budget
2024/25 |
Provisional
Budget 2025/26 |
Provisional
Budget 2026/27 |
Provisional
Budget 2027/28 |
Provisional
Budget 2028/29 |
|
Albion Hill - (Low Rise) |
|
2,970 |
3,160 |
3,370 |
|
|
Albion Hill - Richmond Heights |
3,000 |
1,700 |
|
|
|
|
Albion Hill -Other High Rise |
3,000 |
6,300 |
6,830 |
6,413 |
7,055 |
|
Grand Parade |
1,300 |
|
|
|
|
|
Hampshire Court car park structural repairs |
|
1,925 |
|
|
|
|
Hampshire Court Main Works |
|
|
5,000 |
|
|
|
Kite Place |
800 |
|
|
|
|
|
Leach Court |
|
5,700 |
|
|
|
|
Loft Conversions & Extensions |
675 |
750 |
750 |
750 |
750 |
|
Large Panel System Blocks |
1,500 |
4,000 |
7,500 |
8,500 |
8,500 |
|
Manoj House |
320 |
|
|
|
|
|
Mayflower Square Externals |
|
|
|
3,456 |
|
|
Milner Flats (Fire Escape) & works |
2,440 |
|
|
|
|
|
Milner Flats External Works |
|
|
|
3,820 |
|
|
Philip Court |
300 |
|
|
|
|
|
Stanmer Heights |
|
|
|
|
14,095 |
|
Sylvan Hall |
|
|
3,500 |
4,000 |
4,500 |
|
Theobald House (including concourse) |
5,000 |
2,450 |
|
|
|
|
Westmount, Crown, Highden (roof) |
|
800 |
|
|
|
|
Wiltshire House |
1,035 |
|
|
|
|
|
Total Major Works |
19,370 |
26,595 |
26,740 |
30,309 |
34,900 |
|
Planned Works Planned works programmes are formulated for five years. Planned works will typically consist of a single work stream made up of single element works such as replacement of windows or a roof to street properties, low or medium rise blocks of flats. Planned works also include external repairs and decorations, internal decorations to communal areas and replacement of entrance doors. The programmes are developed from stock condition information following our stock surveys. Where possible we will combine external repairs and windows programmes as a project to make joint use of scaffold for value for money purpose.
|
|
Planned Works
|
Total Budget
2024/25 |
Provisional
Budget 2025/26 |
Provisional
Budget 2026/27 |
Provisional
Budget 2027/28 |
Provisional
Budget 2028/29 |
|
Main Door Entry Systems & CCTV |
801 |
725 |
734 |
733 |
753 |
|
Ventilation, Lighting & Lightning Protection & Fire Alarms |
302 |
252 |
279 |
339 |
329 |
|
Cyclical Repairs & Decorations |
1,734 |
1,588 |
1,754 |
1,840 |
1,907 |
|
Seniors Housing Improvements |
155 |
112 |
159 |
165 |
172 |
|
Kitchens & Bathrooms |
2,040 |
2,124 |
2,201 |
2,291 |
2,384 |
|
Windows |
1,629 |
1,545 |
1,454 |
1,586 |
1,654 |
|
Roofing |
1,772 |
1,310 |
1,358 |
1,252 |
1,308 |
|
Gutter Clearance |
1,000 |
1,000 |
1,000 |
1,000 |
1,000 |
|
Service Risers |
1,000 |
1,000 |
1,000 |
1,000 |
1,000 |
|
Total Planned Works |
10,433 |
9,656 |
9,939 |
10,206 |
10,507 |
|
Sustainability Works Helping residents to live in well-insulated, efficiently heated, healthy homes addressing fuel poverty issues remains a key long-term objective, which is supported through the capital programme. The five year programme sets out resources of £30.800m; an average investment of £6.160m per annum. This includes investment in making improvements to communal and domestic heating systems as well as identifying opportunities to install energy efficient & low carbon heating systems. The council’s solar PV programme is also being taken forward. |
|
Sustainability Works
|
Total Budget
2024/25 |
Provisional
Budget 2025/26 |
Provisional
Budget 2026/27 |
Provisional
Budget 2027/28 |
Provisional
Budget 2028/29 |
|
Domestic/Communal Heating Improvements |
2,200 |
2,200 |
2,200 |
2,200 |
2,200 |
|
Energy Efficiency & Low Carbon Heating |
1,650 |
1,650 |
1,650 |
1,650 |
1,650 |
|
Solar PV |
1,540 |
1,540 |
830 |
1,100 |
1,540 |
|
Cavity Wall Insulation |
1,000 |
1,000 |
1,000 |
1,000 |
1,000 |
|
Total Sustainability Works |
6,390 |
6,390 |
5,680 |
5,950 |
6,390 |
|
Other Works The capital programme allows for investment in supporting people to live independently in their homes for longer through housing adaptations. The programme also supports environmental and communal area improvement work based on resident priorities. Environmental improvements are projects that are guided by communities for improvements to benefit the community on an estate.
There is an identified need for the council to have up to date Housing ICT systems required to support and develop our investment programmes, regulatory compliance, works and contractor management and customer service. The capital programme allows for this continued investment.
|
|
Other Works
|
Total Budget
2024/25 |
Provisional
Budget 2025/26 |
Provisional
Budget 2026/27 |
Provisional
Budget 2027/28 |
Provisional
Budget 2028/29 |
|
Disabled Aids & Adaptations |
1,600 |
1,600 |
1,600 |
1,600 |
1,600 |
|
Housing ICT Systems |
250 |
250 |
100 |
100 |
100 |
|
Minor Capital Works |
660 |
660 |
660 |
660 |
660 |
|
Major Empty Property works |
200 |
208 |
216 |
225 |
234 |
|
Environmental Improvements |
415 |
250 |
250 |
250 |
250 |
|
Total Other Works |
3,125 |
2,968 |
2,826 |
2,835 |
2,844 |