Issue - meetings

Report of the Cabinet Member for Strategic Growth is attached.

Councillor Eamonn O’Brien, Leader and Cabinet Member for Strategic Growth, presented the report which set out the general principles and direction of travel set out in the Draft Phase 1 Development Plan, Interim Partnership Business Plan, and the RIBA Stage 2 Masterplan and supports further development of these proposals. These documents were not final and will evolve alongside design and business case development activity and further engagement work. In response to questions, Members noted that this was a complicated project and would require decant and alternative provision of businesses, but confirmed their confidence in the timescale noting that the final stage of design development (RIBA Stage 4) was anticipated for October 2024.

Decision:

Cabinet:

1.    Noted the progress made on the Prestwich regeneration project described in the report;

2.    Noted the implications of the developing plans for the Prestwich Village Regeneration project;

3.    Approved the general principles set out in the following documents and supports further development of these proposals:

·         Draft Phase 1 Development Plan

·         Interim Partnership Business Plan

·         RIBA Stage 2 Masterplan

4.    Approved the commencement of RIBA Stage 3 design which will require a commitment to fund the associated design team fees.

Reasons for the decision:

Cabinet’s support is pursuant to Clauses 9 and 10 of the (JV) Members Agreement). Release of capital funding is required to allow the RIBA Stage 3 design to commence and to enable the planning application to be submitted in Autumn in line with the current programme.

Other options considered and rejected:

Cabinet to withhold approval of the documents identified in section 2 of the report. This would immediately pause the Prestwich regeneration project and may result in re-payment of the of previously approved development costs defrayed by Muse Places Ltd and underwritten by Bury Council.

Report of the Cabinet Member for Strategic Growth is attached.

Councillor Eamonn O’Brien, Leader and Cabinet Member for Strategic Growth, presented the report which set out the full financial details.

Decision:

Cabinet:

1.    Noted the progress made on the Prestwich regeneration project described in the report;

2.    Noted the implications of the developing plans for the Prestwich Village Regeneration project;

3.    Approved the general principles set out in the following documents and supports further development of these proposals:

·         Draft Phase 1 Development Plan

·         Interim Partnership Business Plan

·         RIBA Stage 2 Masterplan

4.    Approved the commencement of RIBA Stage 3 design which will require a commitment to fund the associated design team fees.

Reasons for the decision:

As set out for the Part A report.

Other options considered and rejected:

As set out for the Part A report.