Work to decide the fate of council-owned housebuilder Brick By Brick has been put back by around a month, according to papers released in advance of a crucial council meeting today.

Brick By Brick has been caught up in the financial crisis engulfing Croydon council, with auditors last month saying that payments to the developer had been one of the key reasons why Croydon had lost control of its finances.

Last week the council filed a section 114 notice, banning all further discretionary spending and effectively declaring itself bankrupt. The crisis has put the future of Brick By Brick in doubt, as it is reliant on council loans to finance its development programme.

It comes as the firm submitted for planning designs for 170 “affordable” homes on three small sites across the borough.

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