North East Lincolnshire Council completed the transfer of 8,353 dwellings to newly-created Shoreline Housing Partnership. The Association will carry out a £156 million improvement and repairs programme, during the next ten years.
This was the first stock transfer helped by a Gap funding grant. The grant, which works to assist transfers where there is a negative value and where the local authority has made every effort to minimise the need for such funding, is worth up to £17 million, spread over three years.