Members of the Cabinet are asked to consider whether they have any disclosable pecuniary and/or any other relevant interest, in connection with any item(s) on this agenda and, if so, to declare them and state the nature of the interest.

Members of the Cabinet were asked to consider whether they had any disclosable pecuniary and/or any other relevant interest, in connection with any item(s) on the agenda and, if so, to declare them and state the nature of the interest.

Councillor Stuart Whittingham declared a prejudicial interest in Agenda Item No.2 - Wirral Growth Company - by virtue of his membership of the Magenta Living Board. Councillor Whittingham vacated his chair whilst the matter was considered and voted upon.

Cabinet Report  (Pages 1 - 18)

Appendix A – Invitation to Submit Final Tender (ISFT) (Pages 19 – 70)

Appendix B – 11 Priority Sites Boundary Plans (Pages 71 – 82)

Appendix C – Overview of Principal Legal Documents (Pages 83 – 89)

It will help us create jobs.  It will stimulate economic growth, build new houses, kick-start regeneration at key sites throughout the borough as our regeneration plans are kick started through the Growth Company.

It is also vital to help us support our existing local services, which have been decimated by austerity policies since 2010.  The Growth Company will facilitate millions of pounds of new investment into the borough, of which the council will directly benefit through its participation in the Growth Company.  New money will be brought into the council every year, money which will be immediately reinvested into local services and making sure Wirral remains a fantastic place to live and visit.

The Growth Company is a Joint Venture Partnership – we have the land and buildings, our partner will bring investment and expertise.  In essence, we will pool our resources, get new developments built and share the benefits.

These developments – in Birkenhead Town Centre, Bromborough, Bebington, Moreton and Wallasey – cannot be developed by the council alone.  We do not have the resources, the skills or the capacity to achieve regeneration on this scale without a major developer working alongside us.  Wirral Growth Company will also bring new ideas and energy to delivering regeneration in New Ferry, devastated by the gas explosion nearly a year ago and still awaiting any offer of support from central government.

The Growth Company will be able to use these sites and develop them.  It will see us be able to create new retail centres, housing developments, leisure facilities, bringing with them hundreds of jobs in the construction phase and then even more when they open their doors to the public.

This programme will provide real benefits for the council, the borough and the entire City Region.  We are now in a position to take a leading role in creating the Wirral we want to see for our residents”.

Councillor Phil Davies welcomed assembled members of the public, officers and business community introduced a report, the purpose of which was to inform Cabinet of the progress made in regard to the procurement process for the appointment of a Joint Venture partner and that the purpose of the meeting was formally make the award to the winning bidder MUSE who would be joining the council in the establishment of the proposed Limited Liability Partnership, to be named Wirral Growth Company.

He informed that on 19 June 2017, Cabinet had agreed to establish a Joint Venture (JV) company to lead the regeneration of key sites within the  ...  view the full minutes text for item 95.