Decision Maker: Cabinet
Decision status: Approved
Is Key decision?: Yes
Is subject to call in?: Yes
The Cabinet will be asked to approve the detailed terms and conditions, in the form of Intervention Agreements, for funding from the Greater London Authority towards a number of schemes under the Barking Housing Zone programme.
Cabinet resolved to:
(i) Agree to enter into an agreement with Swan New Homes to transfer the Council’s freehold ownership in land in Cambridge Road, shown in red in Appendix 1 to the report, in return for a 250-year lease at a peppercorn for the ground floor space, as set out in paragraph 3.4 of the report;
(ii) Agree to enter into an Intervention Agreement with the Greater London Authority for £650,000 of grant funding towards the shell and core and fit-out costs for the ground floor of the Cambridge Road site; and
(iii) Endorse the funding bid submitted to the London Regeneration Fund for a programme of interventions to establish a Barking Creative Industries Zone.
Report author: Jeremy Grint
Publication date: 11/11/2015
Date of decision: 10/11/2015
Decided at meeting: 10/11/2015 - Cabinet
Effective from: 19/11/2015
Accompanying Documents: