Capital Programme

							2012/13 Housing Capital
      Programme
 What is the Capital Programme?
• It is the planned major refurbishment and
  improvement work such as kitchen &
  bathroom upgrades, replacement
  windows, new heating systems, re-
  roofing etc.
• It is not the routine responsive
  maintenance work (rewashering taps,
  rehanging doors) or cyclical work such as
  external redecoration, gas servicing etc.
        The Norwich Offer
   Investment in council housing
Option 1   Decent Homes Standard
           (Business as usual)
Option 2   Whole home upgrade
Option 3   Decent Homes plus investment in
           renewable energy
Option 4   Whole Home upgrade plus
           investment in renewable energy
Option 5   Any of the above plus residual
           funding for new build
  Capital finance/investment profile
  based on rent increase of 8.37%
£70,000
              Capital Expenditure Need
£60,000
              Capital Finance Available
£50,000

£40,000

£30,000

£20,000

£10,000

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 Capital finance/investment profile
 based on rent increase of 8.37%
£300,000

£250,000
                           HRA CFR
£200,000
                           CLG Debt Profile
£150,000
                           Debt Cap
£100,000

 £50,000

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  Capital finance/investment profile
  based on rent increase of 5.33%
£70,000
              Capital Expenditure Need
£60,000
              Capital Finance Available
£50,000

£40,000

£30,000

£20,000

£10,000

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  Capital finance/investment profile
  based on rent increase of 5.33%
£300,000

£250,000
                            HRA CFR
£200,000
                            CLG Debt Profile
£150,000
                            Debt Cap
£100,000

 £50,000

     £0
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    What might next years housing capital
           programme look like?
•   Draft capital programme for 2012/13 could be £24.4m (£19.4m).
•   1264 (656) kitchens & 714 (209) bathrooms totalling £8.8m (3.8m).
•   850 Heating upgrades totalling £3.7m & £600k on thermal comfort.
•   312 Electrical Upgrades £1.08m.
•   3000 PVCu windows & 429 composite doors totalling £5.4m.
•   Community safety: £150k.
•   Regeneration & renewal; £1.3m.
•   Programmed preventative maintenance: £1.3m (Nil).
•   Structural repairs; £2.7m.
•   Supporting independent living; £2.26m.
         Balancing priorities
          Balancing priorities
• Linked to Corporate Priorities and Housing
  strategy
• HRA plan needs to prioritise between:
  –   Debt repayment
  –   Investment needs & aspirations
  –   New build council housing
  –   Management & services
  –   Rent levels & affordability
• More choices under self-financing but still
  difficult issues to resolve
    Summary of the Norwich offer
• Capital investment of up to £24.4m (£19.4m)
• Plan for whole home upgrade including new
  heating – new minimum Norwich Standard
                      PLUS
• Limited new build = 20/30 units pa from 2013/14
                      And/or
• Consider investment in other renewable energy
  measures
Thank you

Questions?