Savings to be made as Housing asks for £2m. less in funding
Thursday 3rd January 2013, 10:00AM GMT.
HOUSING is saving the States £2m. a year by reducing the amount of funding it needs for property maintenance and new housing projects.
The department has committed to taking the significant cut in its annual corporate housing programme funding – a reduction from £8m. to £6m.
This will be transferred and used to meet the States’ cost-cutting FTP saving targets.
Housing chief officer Stephen Langford said that a decade of investment in property maintenance meant they would not need to spend as much in the coming years.
Mr Langford, pictured, said the department’s predicted spending on upcoming building projects was also a factor as it came to the decision it could manage with £6m. instead of £8m. over the next five to 10 years.