Decision details

To seek Cabinet approval to delegated to the Executive Director of Place to approve lease transactions following marketing of four County Farms, where the aggregate rental value of the lease exceeds £500,000 in any one transaction.

That authority be delegated to the Executive Director of Place to grant Farm Business Tenancies (FBTs) with an aggregate rental value exceeding £500,000, including those for the four farms currently being relet as well as any future re-lettings, following consultation with the Cabinet Member for Property & Assets and Economic Growth and the S151 Officer, on terms to be agreed.

Reason for the decision

To enable a responsive and efficient approach to granting Progression Farm FBTs, where contractual terms were typically 20–25 years and market rents meant the aggregate rental value routinely exceeds £500,000.

This delegation ensured alignment with the Farms Estate Strategy.