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Noted that whilst the Council,
its partners and developers have invested in supporting the
physical and socio-economic conditions of the borough, there are
still areas identified in the report that need further
intervention, and the Council to act as a catalyst for on-going
regeneration. The report details the rationale for the seven areas
of focus for the 10-year Regeneration Plan in the context of the
Council’s approach to Place Leadership for the
borough.
 
Noted that £725,000 of
funding has been identified from approved budget sources for the
procurement and commissioning of area-based regeneration studies
and community engagement programme for four priority regeneration
areas, and Homes England has indicated it will provide
£100,000 by way of grant funding for Charlton
Riverside.
 
Approved that the Council
prepares a 10-year regeneration plan covering the period from 2024
to 2034 which focuses on the following areas of the
Borough:

•        Woolwich Town
Centre and surrounding areas, including its links into Woolwich
Dockyard and Woolwich Common;

•        Plumstead Town
Centre and surrounding areas, including the Strategic Industrial
Land;

•        Abbey
Wood;

•        Thamesmead;

•        Kidbrooke
Village;

•        North
Greenwich and its links into Charlton Riverside; and,

•        To pursue
other areas of the borough as and when opportunities arise for
collaboration and partnership
 
Approved that the Council
prepares a Place Vision and Delivery Plan that will set out the
Council’s role in realising the comprehensive regeneration of
Charlton Riverside Opportunity Area as outlined in the London Plan
2021
 
Approved that the Council
produces Urban Regeneration Frameworks (URF’s) which will
include a Place Vision, identify possible physical interventions,
detail potential development sites, and indicate complementary
workstreams (e.g. public health,
education, cultural, sport etc.) to maximise the impact of public
services to improve places, including engagement with Councillors,
stakeholders and communities will be developed. It will detail what
the Council wants to achieve and deliver for each of the three
areas and detail the direction of travel for the next 10 years,
informed in part by local residents,
businesses and other landowners and investors. Subject to agreement
by Cabinet in the future years on the proposed recommendations and
interventions promoted by each area URF, a business case will need
to be developed to release capital for investment in these areas,
especially where the Council has an interest (land, property or future assets).
 
Approved the use of the funding
of up to £825,000 identified in paragraph 1.1.2 of the report
for the Council to prepare the 10-year regeneration plan and
support the activities referred to in paragraph 1.2.1 to 1.2.3 of
the report.
 
Delegated to the Director of
Regeneration, Enterprise and Skills the
authority to:
 

•        Identify and
source the availability of external grant funding to enable the
Charlton Riverside regeneration programme from commercial partners
and developers to government agencies,
and make the appropriate arrangements to agree and enter
into the terms and conditions of such funding (including Heads of
Terms and Memorandums of Understanding).

•        Procure and
appoint specialist advisors to support the production of the
Delivery Plan and URF’s, including specific support for
community engagement, communications and
marketing. Cabinet agrees that once URF’s have been prepared
that they come back to Cabinet for approval.

•        Enter into such other Heads of Terms, Memorandums of
Understanding and/or funding agreements with partners, commercial
partners and developers that bring about the delivery of the
URF’s.

•        Identify
appropriate sites for development/regeneration and where
information is of sufficient detail, to participate in the
‘Call for Sites’ during the new Local Plan
process.