Purpose

To provide an update on the Hengrove Park
Delivery approach and to seek approval to accept and
spend  the WECA DIF Funding award, on
the delivery of enabling infrastructure work packages at Hengrove
Park and repay the repayable grant element.
 

Content

That Cabinet

1.     
Noted the Council’s overall delivery strategy for the
redevelopment of Hengrove Park to deliver up to 1435 new homes (up
to 50% of which will be Affordable Homes), a 22-hectare new public
park plus high-quality community, sports and employment facilities,
as set out in this and previous Cabinet Reports.

2.     
Noted the Council’s successful Full Business Case submission
to WECA which has secured £19.8m of WECA Development
Infrastructure Funding (WECA DIF), to deliver enabling
infrastructure to accelerate the redevelopment of Hengrove
Park.

3.     
Noted the agreed WECA DIF Hengrove Park project scope, delivery
approach and funding award which, as a result of in-depth planning
and design work and development of the Full Business Case funding
application, have now been developed in greater detail since the
previous Cabinet approval in September 2020 to submit the initial
Outline Business Case (OBC).

4.     
Authorised the Executive Director Growth and Regeneration, in
consultation with the Director of Finance, Cabinet Member for
Finance Governance and Performance and Cabinet Member for Housing
Delivery and Homes to take all steps required to draw down and
spend the £19.8m WECA DIF funding award, including to procure
and award contracts over the key decision threshold and negotiate
and conclude all appropriate grant or other agreements, for the
delivery of the Hengrove Park enabling infrastructure work
packages, and to repay the £5m repayable grant element, in
accordance with the approved Full Business Case and Funding Award
and as outlined in this Report.