Issue - meetings

This report updated Members on the acquisition of 400 properties for homeless households acquired through the SPV set up between Mears Group and the Council.  It also reviewed the key performance areas in relation to the management contract provided by Plexus on behalf of the More Homes Bromley SPV.

Councillor Bear requested information on the current financial position of the SPV and asked if it was still solvent given the slower than anticipated roll out and hence income generation, but ongoing debt servicing.  She also requested that the full year accounts for the SPV be forwarded to Members when available.

The report was noted.