Cabinet will be asked to approve the Rainham and Beam Park Regeneration LLP Business Plan 2019/2020.  In addition Cabinet approval will be sought to:

·       bring forward LBH equity allocation to the Rainham and Beam Park Regeneration LLP from 2019/20 into 2018/19

·       Approve additional budget allocation to include the related site known as NR01 within the Regeneration Scheme

Cabinet:

1. Approvedthe draft Rainham and Beam Park Regeneration Joint Venture LLP Overarching Business Plan 2019-20, full details of which are contained within the Exempt Agenda Report.

2. Agreed that the Leader of the Council and Cabinet Member for Housing after consultation with the s151 Officer, the Chief Executive Officer and the Director of Legal and Governance, approve the finalised Overarching Business Plan 2019-20, and possible later incorporation of an additional site known as the ‘Rainham Opportunity Site’ as may be presented during the Business Plan 2019-20 period.

3. Agreed to Endorse and Recommend to Council the budget allocation set out in this report to include the related site known as ‘Rainham Opportunity Site’ with the Rainham and Beam Park Regeneration Scheme.

4. Agreed that the s151 Officer, after consultation with the Cabinet Member for Housing, responds to the service of any notice as described in Section 8.4 of this report, served by the Rainham and Beam Park Regeneration Joint Venture LLP, indicating a willingness or otherwise to participate in making third party debt available from the Council, subject to contract and due diligence.

5. Agreed that the s151 Officer, after consultation with the Chief Executive and The Leader of the Council, may enter into funding agreements consistent with the Treasury Management Strategy and Council’s Scheme of Delegation.

6. Agreed the revised capital profile which brings forward £1.5m capital expenditure from 2019/20 to 2018/19.