Decision details

That following completion of the necessary negotiation in relation to the sale of Teville Gate to Homes England and in consultation with the Cabinet Member for Regeneration, I have given approval to enter into the legal documentation required to effect legal completion of the sale of Teville Gate to Homes England

Following negotiations with Homes England, in December 2023 Homes England had made an offer of £5.1m for the unconditional freehold sale for Teville Gate. The Homes England offer utilises their Brownfield Infrastructure and Land Fund - making Worthing the first recipient of this intervention in the South. Homes England anticipated delivering over 250 homes in a lower density, lower height development which places a significant emphasis on successful placemaking and delivery.

Homes England recognised the strategic significance of Teville Gate and had signalled its ambition to:

·         drive regeneration and housing delivery to create high-quality homes and thriving places;

·         work with partners to support them and enable the delivery of new homes and housing-led, mixed-use regeneration;

·         deliver place making and regeneration of the area;

·         intervene where the market has failed; and

·         deliver mixed-tenure housing that Worthing needs

Under instructions from the Worthing Joint Strategic Sub-Committee the necessary negotiation has taken place to complete the sale

none

I do not have a disclosable pecuniary interest, or conflict of interest.