Decision details

Mike Kirk, Managing Director of Sutton Living Ltd, introduced the report.

The board noted that the financial statements had been audited and were shortly due for submission to Companies House. It was further noted that progress on the programme of works had been delayed by the COVID-19 pandemic but that this was still on track for completion by 2025.

RESOLVED:

1.    To note the progress in the company’s aspiration to develop 280 homes over the period 2020-25, subject to the agreement of LB Sutton to support the development of a number of Council-owned sites, and meet a funding requirement of £54 million.