Decision

RESOLVED:

Mayor and Cabinet

•         Approved the Annual Besson Street Business Plan 2026/2027

•         Delegated authority to the Executive Director for Place, in consultation with Executive Director for Finance, Digital Corporate Resources, to implement the Besson Street Business Plan.

•         Approved the extension of the Pre-Development Loan Agreement, including an increase in the maximum loan value, to 1 October 2027, and the extension of the Option Agreement to the same date.

•         Approved the appointment of Nnenna Urum-Eke (to replace Patrick Dubeck) as a Member Representative on Lewisham Grainger Holdings LLP and Besson Street LLP and as a Director of Besson Street Second Member Limited; and

•         Agreed to enter into a Deed of Indemnity with Nnenna Urum-Eke in respect of the appointments referred to in recommendation.