Decision

That:

1. The Brownfield Investment Land (BIL1) fund is increased by £142,263.47, from £5,223,034.00 to £5,365,297.47, as set out in the table below, to respond to additional design requirements identified during RIBA (Royal Institute of British Architects) Stage 3. These changes are essential to secure the consents required and maintain programme momentum to delivery of the Southern Gateway. Noting this is within the wider BIL grant as approved by Homes England.
2. The original RIBA Stage 3 scope for the Northern Gateway is removed from BIL1 funding, and the associated BIL1 funding is re-prioritised to support the Southern Gateway. The LLP is reviewing the current delivery plan for Northern Gateway in light of the appointment of Muse as the preferred developer, to optimize the delivery strategy, avoid unnecessary costs or rework, and to ensure placemaking is at the heart of the scheme and delivers comprehensive regeneration.

Spend Profile

The current spend profile for BIL1 is:

Financial Year

Maximum Grant that will be paid

2022/23

£1,537,699.78

2023/24

£1,224,868.17

2024/25

£1,308,159.61

2025/26

£1,152,306.44

Total

£5,223,034.00

Amended spend profile:

Financial Year

Approved

Proposed

Variation

2022/23

£1,537,699.78

£1,537,699.78

0

2023/24

£1,224,868.17

£1,224,868.17

0

2024/25

£1,308,159.61

£1,308,159.61

0

2025/26

£1,152,306.44

£1,294,569.91

£142,263.47

Total

£5,223,034.00

£5,365,297.47

£142,263.47