Decision details

As part of Homes England’s Accelerated Construction housing programme the Council have been provisionally awarded grant funding in respect of the redevelopment of Bath Quays North (presently the Avon Street car and coach park), to assist with delivery of 92 new homes; and in respect of land at Englishcombe Lane, to assist with the delivery of 37 new homes. The funding is awarded to help unlock the development sites and increase the speed of housing delivery through investment in infrastructure provision and enabling works.

The Cabinet Member agrees to:

1)  Enter Funding Agreements with Homes England to fund enabling works and infrastructure in respect of Bath Quays North and Englishcombe Lane in-line with the grant funding awards.

2)  Amend the Council Capital Programme on receipt of entered Funding Agreements:-

2.1  Approve an addition of £3,519,000 to 2020/21 Bath Quays North budget.

2.2  Incorporate a new provisional item for Englishcombe Lane Site Preparation - 2019/20 £150,000 and 2020/21 £1,054,597.

The funding is awarded to help unlock the development sites and increase the speed of housing delivery through investment in infrastructure and enabling works.

The Council considers this initial funding of land and infrastructure enables the purposes of delivering additionality to the provision of affordable homes.

The Council considered the other options available to safeguard the delivery of new homes as part of Bath Quays within the previous Decisions E2680, E2838 & E3122

Do nothing: The Council allows the market to deliver the homes and provide a mix of units and pace of delivery that is dictated by the market.