Decision Maker: Cabinet

Outcome: For Determination

Is Key Decision?: Yes

Is Callable In?: No

Date of Decision: September 15, 2025

Purpose: To consider a report on the proposed dissolution of the development management agreement relating to the Future Works site.

Content: (a)  Approved authorisation for the dissolution of the Development Management agreement between Land Securities and the Council on the basis recommended in Confidential Appendix C – SBC Financial Analysis.  The dissolution of the Development Management agreement on the basis outlined will allow significant funds to be recognised in FY 25 / 26 without adjustment or offset.  It is also anticipated that reaching this agreement with Land Securities would potentially unlock investment in the remaining phases of the Future Works development, a further step in the continued regeneration of Slough’s town centre.   (b)  Delegate authority to the Executive Director of Regeneration, Housing & Environment in consultation with the Deputy Leader with responsibility for Finance, Assets & Transformation and the Executive Director Corporate Resources (s151 Officer)  to dissolve the Development Management agreement between Land Securities and the Council on the basis recommended in Confidential Appendix C without material adjustment to the recommended financial position or timing outlined therein.