To approve formalisation of the revised Social Value Strategy for the Golden Valley Development

March 11, 2025 Cabinet (Cabinet collective) Key decision Awaiting outcome View on council website

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Summary

Cheltenham Borough Council's Cabinet decided on 11 March 2025 to endorse the amendment of the current Development Agreement to incorporate the revised Social Value Strategy version 2. This strategy offers greater clarity on how social value will be delivered throughout the Golden Valley Development project. The decision includes the formalisation of the revised strategy as part of the Development Agreement with developer HBD, replacing the previous version.

Full council record

Purpose

To approve the formalisation of the revised Social Value Strategy for the Golden Valley Development.  The updated strategy offers greater clarity and focus om how social value will be delivered throughout the project’s journey.  The request is for the revised strategy to be officially included as part of the Development Agreement with development partner HBD, and will replace Version One.

Decision

RESOLVED THAT:

-       the amendment of the current Development Agreement (DA) to incorporate the revised Social Value Strategy version 2 is endorsed.

Related Meeting

Cabinet - Tuesday, 11th March, 2025 6.00 pm on March 11, 2025

Supporting Documents

Social Value Strategy for Golden Valley Development - report.pdf
Appendix 3 - Golden Valley Social Value Strategy v.2.pdf

Details

OutcomeFor Determination
Decision date11 Mar 2025
Expected date11 Mar 2025
Originally due11 Mar 2025
Lead officerAmy Keates