Agenda item

Havering Wates Regeneration LLP - In-Year Review of 2023/24 Business Plan

Decision:

Cabinet

 

1.     Noted The Strategic Director of Place will bring forward a report proposing the use of Compulsory Purchase Order (CPO) powers for the Chippenham Road development. This report will detail the necessity of invoking CPO powers to acquire outstanding land interests.

 

2.     Delegated authority for the Strategic Director of Place, in consultation with the Cabinet Member for Development and Regeneration, to agree on and thereafter submit, accept and utilise grant funding bids to support the 12 Sites regeneration programme.

 

3.     Approved the revised approach to proceed with a Council-led scheme prioritising the development of Blocks 9, and 10, along with a temporary energy centre, as part of Phase 1 of the Waterloo and Queen Street programme.

 

4.     Delegated authority to the Strategic Director of Place to make variations to any of the joint venture agreements, as necessary, to implement the recommendations contained in this report.

 

5.     Noted that the HWR JV Business Plan document will be presented to Cabinet in Q1 2025/26.

 

Minutes:

Report: Havering and Wates Regeneration LLP Business Plan and Budget Update 2024/2025

 

Presented by: Councillor Graham Williamson, Cabinet Member for Development and Regeneration

 

Summary: (response to Overview &  Scrutiny comment, at end of this summary)

 

 

This report provided an update on the 12 Estates Programme. Financial data within this paper utilises the most current information available, for the purpose of informing the HRA Business Plan refresh. The HWR JV Business Plan will be presented to Cabinet once it comes forward in Q1 2025/26.

 

This update outlines the latest position on:

 

Work Package One

 

·        New Green - progress on completion and sale receipts.

·        Park Rise - progress on completion, sales, and marketing.

·        Waterloo & Queen Street – update on scheme phasing and viability.

 

Work Package Two

 

·        Chippenham Road – design development, planning submission and planned demolition

·        Farnham & Hilldene - design development and consultation.

Later Phases

 It was noted that work is currently paused on the following sites:   

1.                Oldchurch Gardens, 

2.                Maygreen Crescent 

3.                Delderfield 

4.                Dell Court 

5.                Brunswick Court. 

6.                Royal Jubilee Court.

 

Cabinet

 

1.     Noted The Strategic Director of Place will bring forward a report proposing the use of Compulsory Purchase Order (CPO) powers for the Chippenham Road development. This report will detail the necessity of invoking CPO powers to acquire outstanding land interests.

 

2.     Delegated authority for the Strategic Director of Place, in consultation with the Cabinet Member for Development and Regeneration, to agree on and thereafter submit, accept and utilise grant funding bids to support the 12 Sites regeneration programme.

 

3.     Approved the revised approach to proceed with a Council-led scheme prioritising the development of Blocks 9, and 10, along with a temporary energy centre, as part of Phase 1 of the Waterloo and Queen Street programme.

 

4.     Delegated authority to the Strategic Director of Place to make variations to any of the joint venture agreements, as necessary, to implement the recommendations contained in this report.

 

5.     Noted that the HWR JV Business Plan document will be presented to Cabinet in Q1 2025/26.

 

 

 

Overview & Scrutiny Board – Comments To Cabinet on Budget & Related Papers

 

Following its meeting on 29 January 2025, the Overview and Scrutiny Board submits the following comments to Cabinet and requests that Cabinet responds to these at its meeting on 5 February 2025.

 

Havering and Wates Regeneration LLP Business Plan and Budget Update

 

1.     The Board wishes to record its concern over the potential for unsold units at the Park Rise development.

 

·        Response: O&S Board’s concern over the potential for unsold units at the Park Rise development is noted – the position is being monitored by the JV Partnership Board. The Council has the option to purchase unsold units at a discount, as detailed within the Exempt report

 

2.     It is recommended that it be investigated if sole tenants etc of larger flats in the vicinity of New Green can be moved into the development itself, thus freeing up accommodation for families.

 

·        Response O&S have suggested that it be investigated if sole tenants of larger flats in the vicinity of New Green can be moved into the development itself, thus freeing up accommodation for families. The scheme is fully occupied at present – this would be a matter to consider when future lettings arise.

 

3.     More detail should be given on social value aspects of the Joint Venture and the use of s. 106 funding. It is recommended that Havering Wates should consult with ward Members on these issues.

 

·        Response: Social value is generally delivered during the construction phase and further detail of social value proposals will be conveyed to ward Members at the appropriate time for each development. A S106 Agreement is already in place for Waterloo/Queen Street and details how the funding contributions are to be applied. The planning decision number is P0761.20.

 

Supporting documents: