A decision is required for the inclusion of a new capital scheme for works totalling £750k and funded by MHCLG Towns Fund grant. The project is to align with Further Guidance provided by MHCLG in June 2020. Thanet District Council is in receipt of this funding by MHCLG, and this now needs to be included within the Council’s Capital Programme.
The capital works for 51-57 High Street, Margate (former M&S) that are scheduled as part of the project include;
1. Replacing the roof, ensuring the building is watertight, protecting it from further deterioration;
2. Stripping out of the internal materials and fittings which will enable both the access to the ACM’s that require removal but also enable the vision of the building to be more clearly defined in line with any repurposing of the high street and town centre.
The aim is for the building to be included in a portfolio of assets as part of the new Creative Land Trust that is proposed within the Town Investment Plan submitted on 11 December 2020 for the Margate Town Deal.
The buildings involved are included in a Joint Venture with Homes England. If these works are not undertaken, the building will continue to deteriorate, and we are obliged as part of the current Joint Venture agreement to ensure the building is maintained. This Decision Notice will be subject to a side letter being received by Homes England permitting the capital works in accordance with the terms and conditions within the Joint Venture agreement.
This capital project fits strategically with the Council’s corporate priorities and values by:
Delivery of this capital project will lead to reduced repairs bills through water ingress to the structure and mitigating ACM management, representing potential revenue savings for the Council.
Decision Maker: Leader of the Council
Decision published: 06/01/2021
Effective from: 14/01/2021
To approve the inclusion of the above externally funded capital scheme into the Capital Programme.
Lead officer: Louise Askew