Decision details

The board considered a report of the interim Executive Director of Housing, Property and Regeneration that informed them of the intention for the WMCA to enter into a Collaborative Agreement with Stratford- on- Avon District Council for the WMCA to facilitate a residential led mixed use development on the Stratford Gateway site.

The Development Manager, Acquisitions and Disposals, Anna Jones, outlined the background to the scheme that was a priority site for Stratford-on-Avon District Council. Councillor George Cowcher and Tony Perks from Stratford-on-Avon District Council were in attendance to support the submission of the report.

In relation to questions raised from members regarding the budget for the scheme, land acquisition costs and liabilities related to the listed buildings, it was noted these issues would be addressed in the report submitted to the board next month that seeks approval for the acquisition of the Stratford Gateway site.

The board endorsed the proposed Collaborative Agreement with Stratford-on-Avon- District Council.

Resolved that:

1.    That the WMCA propose to enter into a Collaborative Agreement with Stratford- on- Avon District Council in respect of the WMCA’s acquisition and subsequent development of the Gateway site be noted;

2.    The requirement for a budget as set out in the report, to cover the costs of the WMCA negotiating and completing the Collaborative Agreement and the costs of negotiating agreed terms for the acquisition of the Gateway site be noted;

3.    That it is proposed that approval be sought from Investment Board at its meeting on 18 March 2024 to acquire the Gateway site be noted.