URL: https://democratic.trafford.gov.uk/ieDecisionDetails.aspx?ID=1517

Decision Maker:

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: Yes

Purpose:

Content: (1)       That the updated development strategy and programme for Stretford Plot 2A and 2B, be approved and that the Joint Venture (JV) will seek to secure the funding for affordable housing through the Homes England Social and Affordable Housing Programme and submit a viability assessment to the Local Planning Authority.   (2)       That the JV may consider separate submissions for Open Market, and Affordable Housing elements of each scheme if this maximises the opportunity to leverage external (private and public) funding.   (3)       That the JV may consider equity investment by Public Sector partners, specifically Greater Manchester Combined Authority (GMCA) through the Patient Equity Programme and that this may be as an alternative to grant funding or to the JV providing direct equity funding.   (4)       That the JV will consider a bespoke funding and development package that responds to negotiations with GMCA around Patient Equity and other potential funding sources.

Date of Decision: March 16, 2026