Eastbourne Homes Ltd – working in partnership Ian Fitzpatrick MD Eastbourne Homes Ltd Director Lewes and Eastbourne Council Director Asset Co.

Looking back – 2014 ish EHL successful ALMO Decent Homes complete, good satisfaction Management Agreement due up 2015 But Housing Revenue Account under stress Council facing significant funding reductions ALMO at risk

Reviewing options ALMO successful but realised had to adapt to new political/financial situation Council needed help to tackle town wide issues Needed to maintain standard and keep resident support

Board focus Made brave ‘offer’ to protect services by moving back closer to the Council to deliver efficiencies Sharing staff, offices, back office, technology Critical EHL had to be seen as part of the solution to the wider issues facing Council

‘Eastbourne Homes granted new 20-year Management Agreement’ Key to decision: In Partnership Resident support Regeneration Sharing offices/staff Shared benefit

Housing & Economic Development Mixed programme of directly delivered new housing and regeneration with a focus on a priority electoral Ward : Devonshire £15m - 100 New Homes: 85 Affordable Rent, 15 sales and shared ownership £6m - The Driving Devonshire Forward programme of neighbourhood level community-led regeneration

Direct Delivery New build Land acquisition Empty homes programme Renovation (Seaside / Seaside Rd) Public realm (Square / Park)

New Build Developments

Cross Subsidy

Renovation 1-5 Seaside

Other added value …

2015 Eastbourne Housing Investment Company incorporated HRA headroom maxed out Political ambition to build more Now £10m in residential and sites £45m Programme of 240 by 2020

Objectives + Benefits Income generation: delivers new income streams for the Council and EHL Housing Delivery : sustained delivery and cross subsidy Place Making: release of stalled sites, strategic interventions, control of focus of investment, type of delivery and use of income

Our journey Real learning curve Commercial thinking v public sector rules! Its complicated but not impossible - many hats, conflict of interest? finance, legal, Cabinet decisions, lending agreements, State Aid, approvals, SLA’s, employment etc., etc………

EHL - shared risks and shared rewards Bringing in new skills and experience Understands commercial v public sector rules (bridging the divide?) Providing services to other Councils, Asset Co.’s Stepping up to the next challenge – homeless + health economy Board provides ‘checks and balance’ to ensure residents interests are protected