Agenda item

The Committee were reminded that the Partnership Business Plan (PBP) was adopted by Slough Regeneration Partnership (SRP) and by the Council in March 2013 at the time of entering the joint venture with Morgan Sindall. The PBP set out the strategic direction of the partnership, with governance arrangements, operational business arrangements and provided a rolling five year plan of activities for the SRP.

Substantial progress had been made with some key projects including:

·  Construction of the Curve was well underway with the whole build project anticipated to be both on budget and within time. Although some unanticipated issues had come to light during construction, the handover date remained on target for late September 2015.

·  Ledgers Road – planning permission had been granted for the development of 73 houses and flats, with 24 units purchased by the HRA and made available to Slough residents on the housing waiting list.

·  Wexham Nursery Site -  planning permission had been granted for 104 homes, 34 of which would be purchased by the HRA and made available to Slough residents on the housing waiting list.   

A number of issues were raised in the ensuing discussion, including clarification regarding the anticipated capital receipts for the Ledgers Road and Wexham Nursery Sites and the net profit receivable from the development of the sites. It was noted that this information would be circulated to Committee Members following the relevant information being obtained.

In response to a Member question, the Chief Executive explained that Slough continued to attract new businesses to the area and that the occupancy rate of the trading estate had been at the highest level for the past twenty years.

The Committee were informed that there had been a considerable amount of interest relating to re-development of the former Thames Valley University site  and that a number of options were currently being examined.   

Resolved – That progress being made by the Slough Regeneration Partnership be noted.