An annual review of BCP Council’s four housing companies is to be considered by Councillors at Cabinet on 23 June 2021.
The yearly review looks at the ambitions for each company, provides an operational update and an annual plan. The companies provide services and generate income for the council.
There are currently four established companies of which BCP Council is the sole shareholder; Seascape Group Ltd, Seascape South Limited (SSL), Seascape Homes and Property Limited (SHP) and Bournemouth Building Maintenance Limited (BBML).
The review has highlighted scope for growth in activity and sizable income generation opportunities from the Seascape Group, including its two subsidiaries, SSL and SHP.
SSL is the trusted contractor for BCP Disabled Facilities Grant providing adaptation works to enable vulnerable people to live independently in their own homes. Over the next five years business is expected to grow and turnover £900k per year for the next five years. The service is also bringing in additional senior commercial expertise and capacity to grow and develop construction services in the private sector.
SHP is increasing its property portfolio to provide more homes to support homeless households as well as developing council-owned sites to deliver more than 1,000 private rented and private sale homes across Bournemouth, Christchurch and Poole over the next five years.
Councillor Robert Lawton, Portfolio Holder for Housing, said: “Our housing companies are essential in providing valuable housing-related services to local people across Bournemouth, Christchurch and Poole as well generating a significant income for the council. It’s important that in line with the council’s transformation programme that we review our performance and adapt and grow our business accordingly so that we can continue to provide the very best services.”