Agenda item

To release £692,649.50 from the S106 agreement 16/AP/4458 associated with Elephant and Castle Town Centre development, for the purpose of support of Independent Traders in the red line of the development.


Councillor Darren Merrill announced he would not take part in the discussion or decision making on this item because he is the chair of the Elephant and Castle traders’ panel.


The meeting heard the officer’s introduction to the report. Members asked questions of the officer.


That the release of £692,649.50 S106 funding from the agreement 16/AP/4458 in order to support the Independent Traders at the Elephant and Castle Shopping Centre being displaced by the development be approved. This money represents £647,835.84 for a Relocation Fund, and £44,813.66 as the balance of payment for the Independent Business Advisor.



The chair asked officers to report back to planning committee in 12 months’ time about how this money had been spent, which officers agreed to. 


Following this, Councillor Darren Merrill rejoined the meeting.

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