Approval of Funding to BexleyCo Limited for the Development of the Bursted Woods Site
March 31, 2026 Director of Finance and Corporate Services (Officer) Key decision Approved View on council websiteThis summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.
Summary
Director of Finance and Corporate Services approved the Full Funding Business case for £23.552m to BexleyCo Limited and an additional loan facility of £10.901m on 31/03/2026. This funding is in the form of debt and equity to enable BexleyCo to build out the Bursted Woods site and sell the completed units. The additional loan facility is to cover the risk of slow sales.
Full council record
Decision
To approve the Full Funding Business case for funding of £23.552m to BexleyCo Limited in the form of debt and equity to enable BexleyCo to build out the site and sell the completed units.
To approve the additional loan facility of £10.901m to allow for the risk of slow sales leading to more funding being needed to build the later phases
Supporting Documents
Details
| Outcome | Recommendations Approved |
| Decision date | 31 Mar 2026 |