Decision Maker: Cabinet

Outcome: Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: September 16, 2025

Purpose: The Cabinet will be asked to approve the ‘Barking Town Centre Investment Partnership Delivery Strategy’ to build on regeneration momentum and to enhance Barking Town Centre as a thriving economic and cultural hub. This will be followed by market engagement and a competitive partner selection process launched this financial year, with the aim of progressing revised planning and then commence development of the sites.

Content: Cabinet resolved to:   (i)  Approve the ‘Barking Investment Partnership Delivery Strategy’ as set out in section 2 and Option F in the report;   (ii)  Approve further market engagement followed by a competitive partner selection process managed by Be First, on a transparent and fair basis compliant with legislation, subject to a further Cabinet approval in relation to the appointment of a preferred partner(s) and the finalisation of financial and legal terms of the partnership; and   (iii)  Approve a budget allocation of £280,000 from capital funding to carry out the activities required to identify and select a preferred Investment Partner for the schemes referred to in the report.