Council meetings

Decision details

Besson Street: Annual Business Plan Update (part 1)

Decision Maker: Mayor and Cabinet

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: No


Having considered an open and a confidential officer report, and a

presentation by the Deputy Mayor and Cabinet Member for Housing Development and Planning, Councillor Brenda Dacres, the Mayor and Cabinet agreed to:


·         The fifth annual Besson Street Business Plan attached as Appendix A to the Part 2 report; and

·         Delegate authority to the Executive Director for Corporate Resources and Executive Director for Housing, Regeneration and Environment to implement the Besson Street Business Plan once finalised, including agreeing that the Final Viability Test has been achieved provided that the Council’s Red Lines have been met with the exception of the minimum internal rate of return (IRR) which may be equal to or greater than 6% instead of the 7% as set out in the Joint Venture Agreement;

·         Approve the replacement of Katharine Nidd by Patrick Dubeck as a Member Representative on Lewisham Grainger Holdings LLP and Besson Street LLP and as a Director of Besson Street Second Member Limited; and

·         Enter into a Deed of Indemnity with Patrick Dubeck in respect of the appointments referred to in recommendation 2.4 above.


Publication date: 08/07/2022

Date of decision: 06/07/2022

Decided at meeting: 06/07/2022 - Mayor and Cabinet

Accompanying Documents: