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REOLVED to:
 
A. procure an Investment Partner, to act as Main Contractor or
Developer, for the Council’s Building for Lewisham (BfL)
major development projects as outlined in this report. Further
approval will be sought from Mayor and Cabinet prior to entering
into an overarching agreement with an Investment Partner (IP) as
the delivery vehicle for current and future major projects.
 
B. Delegate authority to the Executive Director of Place, in
consultation with the Executive Director of Finance, Digital and
Corporate Resources and the Cabinet Member for Inclusive
Regeneration and Planning, to bid for grant funding as required to
assure delivery of the Achilles Street Regeneration Phases 1 - 3
and Thomas Lane Yard.
 
C. note that the Council has submitted a bid for additional
funding (top up) for Achilles Estate regeneration from the London
Estate Regeneration Fund (LERF) as outlined in Part 2 and if the
bid is successful, delegate approval of the entry into the grant
agreement to the Executive Director of Place in consultation with
the Executive Director of Finance, Digital and Corporate
Resources.
 
NOTED:
 
A. The progress of the Building for Lewisham (BfL) programme
since July 2024 and the ongoing risks and market challenges that
are impacting the delivery of the programme and the steps being
taken to seek to address and mitigate them.
 
B. The impact of the changes announced in the Chancellor’s
Budget to Right to Buy and the likely impact on the programme and
schemes reliant on future receipts which will need to be reassessed
due to potential funding gaps negatively impacting their
viability.
 
C. The Investment Partner (IP) procurement will be in the form
of a Competitive Procedure with Negotiation or Competitive Flexible
Procedure to select a partner. The two schemes, Achilles Street
Regeneration Phase 1 and Thomas Lane Yard, are to be used as part
of the selection of an Investment Partner (IP), as the
“contracting” element and other sites will be proposed
for the “development” element.
 
D. The Investment Partner contract approach will enable
individual call offs for pre-contract design services and for
works. Each call off will be subject to sufficient capacity within
the overall programme budget, viability parameters for each
relevant phase or project, and relevant approvals required.