Crescent - Grant Funding Agreements

October 14, 2024 Awaiting outcome View on council website
Full council record

Decision

Salford City Council - Record of Decision

I, Councillor Jack Youd, Deputy City Mayor and Lead Member for Finance, Support Services and Regeneration, in exercise of the powers contained within the City Council Constitution do hereby:

  1. Note the funding secured by the Council from the Greater Manchester Combined Authority (GMCA) and Homes England to support future development across the Crescent area;
  2. Approve the Council entering into Grant Funding Agreements with the Greater Manchester Combined Authority, Homes England and English Cities Fund in relation to the above funding; and
  3. Grant delegated authority to the Executive Director, Place, City Solicitor and Chief Finance Officer to finalise all contractual, financial and legal arrangements in respect of the expenditure of this funding.

The Reasons are:

As appointed developer partner for Crescent, ECF will lead on the commissioning of various consultancy teams for the above work, with all work being completed in advance of the expenditure deadline of end of March 2025. In order to draw down the RDEL and Investment Zone funding, the Council needs to enter into grant funding agreements with both the GMCA and Homes England. In order to transfer the funds to English Cities Fund (ECF), who will manage the various commissions for which this funding will be used to support, a back-to-back Grant Funding Agreement is also required between the Council and ECF, which will reflect the terms set out in the Council’s agreements with GMCA and Homes England. 

Options considered and rejected were: Not to proceed with the commissions for which the funding has been secured to complete.

Assessment of Risk: Low

The source of funding is:

  • Homes England RDEL Funding: £95,000 for Adelphi Development Zone and £130,000 for Crescent Development Zone; and
  • GMCA Investment Zone revenue funding: £200,000 for Crescent Innovation Zone.

Legal Advice obtained: Lauren Armstrong, Shared Legal Service

Financial Advice obtained: Daniel Hillman, Senior Accountant

Procurement Advice obtained: Deborah Derbyshire, Category Manager, Procurement Team

HR Advice obtained: N/A

Climate Change Advice obtained: Dan Welsh, Principal Programme Manager, Development Team

The following documents have been used to assist the decision process:

-       Report of the Strategic Director, Place, to Property and Regeneration Briefing (Approval of the Crescent Development Framework 2021), 25th January 2021.

-       Report of the Strategic Director, Place, to Property and Regeneration Briefing (Approval of the Crescent Strategic Master Programme and Delivery Plan), 26th April 2021

Contact Officer: Dan Welsh - Principal Programme Manager, Development Team            

Telephone number: 0161 793 2630

-       This decision is not subject to consideration by another Lead Member.

-       The appropriate scrutiny to call-in the decision is the Growth and Prosperity Scrutiny Panel.                       

Signed: Councillor Jack Youd

Deputy City Mayor and Lead Member for Finance, Support Services and Regeneration

Dated: 14 October 2024

This decision was published on Monday 14 October 2024                                           

This decision will come in force at 4.00 p.m. on Monday 21 October 2024

unless it is called-in in accordance with the Decision Making Process Rules.

Details

Decision date14 Oct 2024
Effective from22 Oct 2024
Subject to call-inYes