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Salford City Council - Record of Decision
 
I Councillor Jack Youd, Deputy City Mayor and Lead
Member for Finance, Support Services and Regeneration in exercise
of the powers contained within the City Council
Constitution do hereby approve
the proposed allocation from the Strategic Acquisition Fund (Invest
to Save) capital budget to support the strategic site assembly
programme at Crescent Innovation:
 
The Reasons are: In March 2020 the City Council and University of
Salford appointed English Cities Fund (ECF) a joint venture between
Homes England, Legal and General and Muse as Private Sector Partner
to deliver the Crescent Masterplan. 
 
The approvals now being sought are to allocate
funding from the Strategic Acquisition Fund capital budget to
support the site assembly process  The
Council’s funding will be fully repayable by ECF and will be
contractual protected. It will complement significant acquisition
funding committed by ECF and enable proactive engagement with third
party land owner to commence and allow for the project to
progress
 
Options considered and rejected were: Take no action
 
Assessment of Risk: Low
 
The source of funding is: The Council’s funding will be fully repayable
by ECF and will be contractual protected
 
Legal Advice obtained: Gaynor Corfe, Shared Legal
Service
 
Financial Advice obtained: Grace Rogerson, Capital Finance Manager
 
 
Procurement Advice obtained: n/a
 
 
HR Advice obtained: n/a
 
 
Climate Change Advice obtained: n/a
 
 
 
The following documents have been used to
assist the decision process: Public/briefing report submitted to
Property/Regeneration Briefing on 26th January 2026
 
 
Contact Officer:  Andrew Cartwright, Head
of Strategic Delivery (Property Services)                    
           
Telephone number: 0161 779 6074
 
 
-      
This decision is not subject to consideration by another Lead
Member.
-      
The appropriate scrutiny to call-in the decision is the Growth and
Prosperity Scrutiny Panel                       
 
 
Signed: Councillor Jack Youd
Deputy City Mayor and Lead Member for Finance,
Support Services and Regeneration
Dated: 26th January 2026  
 
 
This decision was published on Monday 26th January 2026                                            
This decision will come in force at 4.00 p.m. on Monday
2nd February 202
unless it is called-in in accordance with the Decision Making
Process Rules.