Issue - meetings

Appointment of a Preferred Developer for the New Ferry Redevlopment Scheme

Meeting: 26/01/2022 - Economy Regeneration & Housing Committee (Item 69)

69 Appointment of a Preferred Developer for the New Ferry Redevelopment Scheme pdf icon PDF 120 KB

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The Chair asked Members if they agreed to alter the order of the agenda so that this item could be considered in a closed session if required. This was agreed by assent.

Meeting: 26/01/2022 - Economy Regeneration & Housing Committee (Item 76)

Appointment of a Preferred Developer for the New Ferry Redevelopment Scheme exempt appendix

Additional documents:




The Assistant Director for Special Projects presented the report, informing Members that in March 2017 an explosion in New Ferry devasted the heart of the retail centre, destroying businesses and homes, having a significant impact on the local community.


Since that time, the Council had been fully supporting the recovery of the area, seeking additional funding to acquire the interests of key properties and parcels of land which would enable the regeneration and redevelopment of the town centre to proceed. These acquisitions were crucial to the delivery of the New Ferry Regeneration Plan. This Plan was produced by the Council and consulted on in September 2017 and had led to a preferred development option being selected with the support of the community. The plan sought to protect local businesses and bring a mix of new residential and retail units into the town to create a sustainable future for New Ferry.


Councillors discussed the political sensitivity of the project and queried the possibility of joint ventures for financial resilience. The Assistant Director: Special Projects confirmed there had been a very through procurement process and extensive due diligence had been undertaken. Members also commended the use of apprentices within the scheme.


Resolved: that


(1) The tenderer set out within the exempt Appendix 3 to this report be appointed as preferred developer, being the highest scoring tenderer following conclusion of the competitive dialogue process (as outlined in the exempt Appendix 3) within the approved budget and in accordance with the Most Economically Advantageous Tender criteria;


(2) The Director of Law and Governance, in consultation with the Director of Regeneration and Place,  be delegated authority to enter into all associated legal agreements with the preferred developer so as to finalise and complete the development agreement and all other associated legal documentation for sites A, B and C, (as shown in Appendix 1 to the report) with the option to include any other appropriate land/development opportunities that are within the defined wider area, as shown in the plan  (attached as Appendix 2 to the report); and


(3) The Director of Law and Governance be authorised to draft and agree an appropriate Grant Funding Agreement with the preferred developer, for pass through of the Future High Street Funds grant allocation for New Ferry and a Grant Funding Agreement for additional capital up to £2,590,265.53 on appropriate terms and conditions for the grant