Social Value Ideas for Torbay Council

£20m borrowing for social housing

Council approved prudential borrowing to help fund ongoing schemes to deliver social rented housing, with an indicative output of around 200 homes over the next 2-3 years. This is a significant capita…

“"we are seeking approval for 20 million pounds of credential borrowing on terms acceptable to the finance director to part fund a number of ongoing sc…”

£500k Affordable Housing S106

Officers reported a negotiated affordable housing contribution of £500,000 for the 90-dwelling Studley Knoll scheme, with payments staged at 50% before further occupation and the balance before the 50…

“there is a negotiated affordable housing offer of £500,000 to be paid for an off-site provision with certainty provided through a 50% of this paid pri…”

Council tax premium policy retained

Cabinet confirmed it will keep the current council tax premium arrangements for long-term empty homes and second homes. A discretionary council tax reduction policy is also being reviewed to ensure of…

“this is uh hopefully um the final iteration. Um the there was a long discussion. A lot of questions were asked of our finance director and of our um h…”

Budget Consultation Timetable

Cabinet formally launched the 2026/27 budget proposals for consultation, asked the Overview and Scrutiny Board to provide feedback, and empowered the Chief Finance Officer to make technical amendments…

“the budget proposals for 2026 27 are launched for consultation running until midnight on the 18th of January 2026 and that the overview and scrutiny b…”

Procure four local children's homes

Cabinet agreed to proceed to procurement for up to four two-bed children's homes in Torbay, using a mixed model: two homes where the council buys the buildings and leases them to an Ofsted-registered …

“We have two recommendations to commission two two-bed homes working with the provider to make the best use of the capital grant door to bay was awarde…”

Children's services overspend

The council reported a significant quarter one overspend in children's services driven by high placement costs for children with complex needs. Members said the issue is national as councils compete f…

“I think it's fair to say that uh it's not a pretty picture in looking at the significant cost overrun in children's services. Um and I I think that um…”