Purpose

The Legal &
General development agreement for Bath Quays North expired on 19th
July 2024 having not secured a viable or proceedable development.
 The Council has taken back full control
to consider alternative delivery options.  Consequently, a new delegation to commit further
project expenditure against the budget provision is now
required.
Two routes to delivery
are being evaluated:
Firstly, through a
Memorandum of Understanding with the University of Bath to explore
how their occupation of the site could be developed to meet both
parties’ objectives.
Secondly, to establish occupier interest and explore further market
appetite to deliver the scheme.
Costs are funded via
approved WECA grant.

Decision

To provide authority for the team to use the
proposed 2025/26 budget in pursuit of the project aims set out in
the report.