Decision details

MDC Stockport 8 Procurement (E&R87)

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes


Seeks approval to undertake full procurement process to find and appoint a suitable JV partner to develop out the Stockport 8 area of Town Centre West


The Cabinet has considered a report detailing a proposal for the procurement of a Joint Venture Partner (a private sector development entity) to bring forward development on the sites in Stockport Town Centre West known as Stockport 8 and has then:-


(1) Approved the principle of the Council entering into a Joint Venture with a Joint Venture Partner as proposed within the report on terms to be agreed


(2) Approved commencement of the procurement of a Joint Venture Partner as set out in section 3 of the Report and approve the costs of up to £300,000 set out in section 4.4 of the Report which will be funded from the Capital Investment Reserve – Mayoral Development Corporation.


(3) Delegated authority to the Chief Executive and Deputy Chief Executive in consultation with the Cabinet Members for Economy and Regeneration, and Finance and Resources to:


·         appoint a Joint Venture Partner

·         agree the terms of the Corporate Joint Venture

·         enter into all appropriate legal agreements to establish the Corporate Joint Venture

·         enter into all legal documentation required to deliver the development of Stockport 8 and to take the necessary steps to implement the strategy set out in this report


(4) Delegated authority to the Strategic Head of Service (Legal & Democratic Governance) to do all things necessary or incidental to the implementation of the resolutions above.


(NOTE: The report contained a ‘not for publication’ appendix that was circulated to the Cabinet only).

Alternative options considered:


Interests and Nature of Interests Declared:


Reason Key: Significant expenditure or savings;

Equality and/or Environmental Impact Assessment: EIA is required

Decision Reference: CAB411

Declarations or conflicts of Interest: None.

Forward Plan Reference: E&R87

Other reasons / organisations consulted


Contact: Paul Richards, Director of Development and Regeneration Email: Tel: 0161-474-2940.

Report author: Dawn Arnold

Publication date: 03/10/2022

Date of decision: 28/09/2022

Decided at meeting: 28/09/2022 - Cabinet

Effective from: 08/10/2022

Accompanying Documents: