Decision details

Long term loan to Loddon Homes for the purchase of supported housing units at Hatch Farm Dairies, Winnersh

Decision Maker: Deputy Chief Executive - Graham Ebers

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No


Graham Ebers approved under delegated powers following agreement by HoldCo (and previously Place and Growth Leadership Team) for an initial long term loan to Loddon Homes to fund the Golden Brick payment plus Sept/Oct construction costs for Hatch Farm Dairies supported housing units as agreement with Persimmon.
The funds total: £687,500.00 for Golden Brick Payment and £764,000.00 for construction costs September 2021 and October 2021. Further tranches to be drawn down through to completion in January 22 up to approx. £3.06m (tbc).
The loan is to be charged at 3.5%.

Reasons for the decision:

To enable the purchase of 16 supported housing units at Hatch Farm, Winnersh, which will be used to house Adult Social Care service users.

Alternative options considered:

No alternative option. The supported units have been secured and provided through a s106 agreement with Persimmon.

Wards Affected: Winnersh;

Dispensations: None

Other reasons / organisations consulted


Contact: Graham Ebers Email: Tel: 0118 974 6557.

Publication date: 04/10/2021

Date of decision: 29/09/2021