Council agrees significant social housing investment


Friday, 9 February, 2024

A multi-million pound investment in the borough’s social housing stock was agreed by members of Council during last night’s meeting (Thursday 8 February 2024).

Since housing services returned in-house in April 2022, it has become clear that the council’s housing stock is in a poor condition and requires significant capital investment. The investment will deliver a programme of vital safety improvements to many council homes.

During the meeting, the Executive agreed a capital budget of up to £16.8 million for 2024/25 that will focus on the high-risk fire safety remedial works, along with some outstanding Decent Homes Standard improvements.

This marks a significant increase in the housing capital programme, which has stood at around £4 million for many years.

Cllr Ian Johnson, Woking Borough Council’s Portfolio Holder for Housing, said: “I welcome this significant and much-needed investment.

“Providing safe and decent homes must be a priority for this council and for too long its focus has been elsewhere. As a result we’ve been failing to deliver the quality of service expected of us by our tenants and the Regulator for Social Housing.

“This important and significant investment is about getting our house in order. It means we can deliver essential fire safety remedial works and begin to meet the Decent Homes Standard.”

During the meeting it was also agreed to increase social housing rents by 7.7% in 2024/25.

Read the Housing Revenue Account budget report

Watch last night’s Council meeting