Option Appraisal is not just about identifying the cost of maintaining homes and services. It also examined whether the Council can afford to meet that cost in the short, medium and longer terms. Income to the Council comes from a variety of sources. The money from rents is the largest source of income but there are also grants and borrowing approvals from central government, capital receipts from right to buy sales as well as fluctuations in housing subsidy, interest rates and inflation to be taken into account.

All of this information was fed into a business plan model so that long term projections can be made with regard to how much funding is likely to be available. The Council appointed specialist housing financial consultant Beha Williams Norman Ltd to develop the business plan model and to provide detailed analysis to the Housing Options Steering Group with their Final Option Appraisal Report.

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