Issue - decisions

On 10 June 2025, Cabinet agreed to support the construction of the Petersfield community and sports hub by way of two separate leases with Petersfield Partnership CIO and Saracens FC and by entering into a grant agreement and a management agreement with Petersfield Partnership CIO.
Cabinet agreed that the leases would be granted subject to meeting the following four conditions:
• Petersfield Partnership to have secured planning permission and all such other permissions, consents, notices and requirements necessary to deliver the Project (including landlord consent and green space approval);
• Petersfield Partnership to have obtained an agreed fixed price quotation from the selected contractor (such quotation to be valid for the Grant Period) for the Project;
• Petersfield Partnership to have in place all necessary funding to deliver the Project, including having secured additional funding for the Project and maintaining sufficient contingency sums to cover any price increases; and
• Petersfield Partnership to have agreed to a construction timeline with the selected contractor that will enable the project to be delivered in accordance with any grant drawdown and payment requirements of the funders.
Once these conditions are met, Cabinet also agreed to delegate authority to the Director for Finance & Assets, in consultation with the Cabinet Member Finance & Assets and the Director of One Legal, to agree the terms of the lease and conclude the letting.
As Director of Governance, Housing & Communities I now wish to make the decision that the Council finalises the leases with both Petersfield Partnership CIO and Saracens FC