Issue - meetings
Medway Development Company Ltd - Six Monthly Report
Meeting: 07/06/2022 - Cabinet (Item 8)
8 Medway Development Company Ltd - Six Monthly Update 
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Minutes:
Background:
This report updated the Cabinet, as shareholder, about the range of developments being progressed by the Medway Development Company Ltd (MDC). These developments were Chatham Waterfront, Garrison Point, Mountbatten House and Britton Farm Residential. The report also provided an update on the Get Building Fund and Future High Street Fund projects.
The report was the sixth update report to the Cabinet as a shareholder of MDC, with the most recent update having been considered by Cabinet on 16 November 2021. A report had also been presented to the Cabinet on 15 December 2020 in relation to the Get Building Fund. An Audit review of MDC had recommended six monthly reporting to the Cabinet and so for 2022 this report would be the first of two updates.
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Decision number:
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Decision:
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The Cabinet noted the progress being made as outlined in the report. |
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The Cabinet also noted the additional benefits that MDC had brought forward, specifically, the First Homes pilot bid, which had enabled additional affordable housing provision, helping first time purchasers acquire their first home. |
Reasons:
To continue the regeneration of Chatham and Gillingham with the provision of high-quality housing and public realm works and an improved retail offer.