Issue details

Howden House PFI Contract- Refinance

The Howden House contract (‘the Contract’) has been set a significant savings target in order to contribute to the Council achieving its challenging budget position in the future.

 

To carry out a Refinance to replace the current funder with a potential new funder on more favourable terms in order to deliver a financial gain for the Council.

 

Failure to carry out the Refinance will result in more pressure on achieving the Council’s current and future budget and may result in more drastic cuts to front line services.

 

Decision type: Key

Reason Key: Expenditure/savings > £500,000;

Decision status: Recommendations Approved

Notice of proposed decision first published: 17/12/2021

Scrutiny Committee: Overview and Scrutiny Management Committee;

Decision due: 19 Jan 2022 by Co-operative Executive

Lead director: Executive Director, Resources

Department: Resources

Contact: Jayne Clarke Email: jayne.clarke2@sheffield.gov.uk Tel: 20 39159.

Date agenda documents available: 11/01/22

Decisions

Agenda items

Documents

  • Report of the Executive Director, Resources