Purpose

The Cabinet will be asked to
approve the ‘Barking Town Centre Investment Partnership
Delivery Strategy’ to build on regeneration momentum and to
enhance Barking Town Centre as a thriving economic and cultural
hub. This will be followed by market engagement and a competitive
partner selection process launched this financial year, with the
aim of progressing revised planning and then commence development
of the sites.

Content

Cabinet resolved to:
 
(i)  Approve the
‘Barking Investment Partnership Delivery Strategy’ as
set out in section 2 and Option F in the report;
 
(ii)  Approve further
market engagement followed by a competitive partner selection
process managed by Be First, on a transparent and fair basis
compliant with legislation, subject to a further Cabinet approval
in relation to the appointment of a preferred partner(s) and the
finalisation of financial and legal terms of the partnership;
and
 
(iii)  Approve a budget
allocation of £280,000 from capital funding to carry out the
activities required to identify and select a preferred Investment
Partner for the schemes referred to in the report.