Agenda and draft minutes

GOOD GROWTH FUND: ENTERPRISING TOTTENHAM HIGH ROAD DEED OF VARIATION, Cabinet Member Signing
Wednesday, 22nd March, 2023 10.00 am

Contact: Felicity Foley, Committees Manager 2919, Email: felicity.foley@haringey.gov.uk

Items
No.	Item
1.	Apologies for absence To receive any apologies for absence. Minutes: There were no apologies for absence.
2.	Declarations of interest A member with a disclosable pecuniary interest or a prejudicial interest in a matter who attends a meeting of the authority at which the matter is considered: (i) must disclose the interest at the start of the meeting or when the interest becomes apparent, and (ii) may not participate in any discussion or vote on the matter and must withdraw from the meeting room. A member who discloses at a meeting a disclosable pecuniary interest which is not registered in the Register of Members’ Interests or the subject of a pending notification must notify the Monitoring Officer of the interest within 28 days of the disclosure. Disclosable pecuniary interests, personal interests and prejudicial interests are defined at Paragraphs 5-7 and Appendix A of the Members’ Code of Conduct Minutes: There were no declarations of interest.
3.	Good Growth Fund: Enterprising Tottenham High Road Deed of Variation PDF 580 KB Please be advised that the Chair of Overview and Scrutiny has agreed that the call-in procedure shall not apply to this decision. This is because any delay in implementation caused by the call-in procedure would seriously prejudice the Council's opportunity to secure additional funding from the GLA for the purpose of facilitating the delivery of the 639 High Road workspace project. Accordingly, the Chair of Overview and Scrutiny Committee has agreed that the decision is both reasonable in all circumstances, and that it should be treated as a matter of urgency. This is in accordance with Part 4, Section H, and Paragraph 18 (a) and (b) of the Council Constitution. Additional documents: Appendix 1 - GGF Deed of Variation ETHR 22-23 DRAFT 14.03.23 , item 3. PDF 641 KB Appendix 1a - GGF DoV ETHR 2022-23 Schedule DRAFT 14.03.23 , item 3. PDF 209 KB Appendix 2 - GLA Forward Strategy 639 High Road Community Enterprise Centre , item 3. PDF 634 KB Minutes: The Cabinet Member for House Building, Placemaking, and Development considered the report which sought approval to vary the Greater London Authority Good Growth Fund Enterprising Tottenham High Road agreement to enable the receipt of an additional £2.3 million grant from the Greater London Authority (GLA) for the purpose of facilitating the delivery of the 639 Enterprise Centre Building Project in Tottenham. The Deed of Variation to the grant agreement was attached at Appendix 1 of the report. The Cabinet Member RESOLVED 1. To approve the receipt of £2.3 million from the GLA for the purpose of facilitating the delivery of the 639 Enterprise Centre Building Project. 2. To agree to the Deed of Variation to the Good Growth Fund Enterprising Tottenham High Road Grant Agreement attached at Appendix 1 of the report. 3. To agree to the Forward Strategy for the delivery of the 639 Enterprise Centre Building Project as per Appendix 2 of the report to enable the council to receive the £2.3 million grant by March 2023. 4. To agree to entering into a funding agreement with the GLA for the purpose of delivering the 639 Enterprise Centre Building Project in conformity with the Forward Strategy set out at Appendix 2 of the report and to grant delegated authority to the Director of Placemaking and Housing, after consultation with the Lead Member for Housing, Placemaking, and Development and the Director of Finance, to agree the final terms of the Agreement, and to any amendments subsequently required. Reasons for Decision The 639 Enterprise Centre is owned by the Greater London Authority. Located in Tottenham, it represents an important component of a wider strategy to improve the high street as set out in the Strategy for Tottenham High Road, through the provision of affordable workspace and the associated business support offer. The original 639 project has become unviable due to significant increases in construction costs, and also an increase in the investment need in the building. The additional £2.3m grant will enable the council to work with the GLA who will deliver the additional works to the building to support the building's longer-term future. The council itself will not be undertaking the £2.3m works but rather will enter into a separate funding agreement with GLA to enable to GLA to carry out the required works to the 639 Enterprise Centre. The restoration of the building will make a significant contribution to the protection of Tottenham’s built environment heritage. Alternative Options Considered Option 1 – Accept the £2.3m grant and enter into a funding agreement with the GLA to deliver the Forward Strategy for 639 Enterprise Centre Option 1 is the recommended approach as it allows the council to vary the existing agreement with the GLA for the GGF ETHR programme to enable the receipt and claim of grant of the additional funding by March 2023. Option 2 – Reject the grant offer from the GLA Rejecting the grant from the GLA would miss an opportunity to draw in ... view the full minutes text for item 3.