Issue details
Ocean Regeneration Trust / Harford Street Community Centre: grant funding 2018 - 2021
This report updates Grants Determination
Sub-Committee on the successful work of Ocean Regeneration Trust
(ORT) in bringing socio-economic improvements and investment into
the Ocean area.
The report requests:
• allocation of grant to ORT for 2018/19, funded, as
previously agreed , by revenue from the existing shops on the south
side and new retail units on the north side of Ben Jonson Road;
and
• allocation of grant for the period 2019 – 2021 (funded
by revenue from the new retail units on Ben Jonson Road) to fund
ORT’s ongoing projects for this period, and specifically to
enable ORT to take on a 3 year lease from the Council to manage the
Harford Street Community Centre.
The provision of these grants will enable ORT to meet its
commitments for 2018/19 and will formalise the funding arrangements
which have long been envisaged for ORT to continue its programme of
community projects.
The decisions requested will also underwrite the estimated costs
and associated risks for ORT in agreeing to take on a lease of the
Harford Centre, in order to manage and develop it with greater
focus for the needs of the local community.
ORT was set up in accordance with New Deal for Communities (NDC)
succession and legacy requirements as a vehicle for ongoing local
regeneration. The Council retains overview via a seat on its Board
and close officer involvement.
Decision type: Key
Decision status: Issue Closed in System
Notice of proposed decision first published: 27/11/2018
Decision due: 16 Jan 19 by Grants Determination (Cabinet) Sub-Committee
Department: Place
Contact: Mark Baigent, (Interim Divisional Director, Housing and Regeneration) Email: mark.baigent@towerhamlets.gov.uk, Mohammed Shelim Uddin, (Major Projects Development) Email: MohammedShelim.Uddin@towerhamlets.gov.uk, Alan McCarthy, (Interim Head of Asset Management) Email: alan.mccarthy@towerhamlets.gov.uk.
Documents
- Ocean Regeneration Trust / Harford Street Community Centre: grant funding 2018 - 2021