The Council, in its ‘Brentwood 2025’ Corporate Strategy, had stated ‘Growing our Economy’ as a central plank of its ambition and had committed to developing a culture that supported the creation of new enterprise, inward investment and the growth of existing business. Regeneration of housing and other sites in the Borough is central to this ambition and the Council was already directly delivering affordable housing to support local families and, in turn, their contribution to the local economy. The Council is now looking at how it might go further with this social purpose activity and proactively facilitate regeneration projects where sites are stalled and where some financial intervention, through a dedicated ‘Regeneration Fund’ might unlock development and help accelerate delivery.

A presentation on the Regeneration Fund was given to the Committee by Ian Winslet. 

After a full discussion, Cllr Hossack MOVED and Cllr Parker SECONDED the recommendations in the report. A vote was taken and it was RESOLVED.

Members are requested to:

Approve the establishment of a ‘Brentwood Regeneration Fund’ to support commercial regeneration projects in the Borough. Subject to approval of the fund, specific opportunities for the allocation of fund finance will brought to this committee for consideration as they arise.