CWAG: Asset Management Rob Main – Strategic Housing /Amanda Wasilewski - Finance Issues to cover: Background – The District – Newark & Sherwood Homes Approach to Asset Management – Strategy – Finance – Process Future

CWAG: Asset Management The District Predominantly rural district in Nottinghamshire Core urban settlements Population = 114,817 Residential properties = 50,955 Affordable Housing = 14% Council owned = 5,474 (50/50 split general needs/supported)

CWAG: Asset Management Newark & Sherwood Homes Formed 2004 Accessed investment to deliver decent homes Achieved March 2010 Stock Options Appraisal 30 year New Management Agreement (Oct 13)

CWAG: Asset Management Asset Management Strategy – 10 Years (annual review) – Aims (See Hand out) – 2009 major stock condition survey (Savills) 20% of properties, all archetypes – Newark and Sherwood Homes undertake full stock condition surveys to around 600 properties per annum. – July 2014 full stock condition information covering 53% of properties – 4809 homes traditional construction – 629 homes non-traditional construction Annual Asset Management Plan Links to Annual Delivery Plan, Business Plan & Management Fee

CWAG: Asset Management Finance Programme included in HRA business planning model. Sources of funding identified – mainly HRA major repairs reserve

CWAG: Asset Management Process Newark & Sherwood Homes lead Council scrutinise and approves annually – How effective? – External validation?

CWAG: Asset Management Future Housing Growth Regeneration

QUESTIONS CWAG: Asset Management