ID605 Ryepark Development
Estimated Value
Not specified
Deadline
Not specified
Published
11 May 2026
Type
works
Overview
Intention to enter into (a) a tri-party conditional contract for the sale of freehold land with Newcastle-under-Lyme Borough Council ("Council") and Capital & Centric (Illusion) Limited ("Developer") and (b) a development agreement with Developer as part of a land and build package arrangement using the negotiated procedure without notice under Regulation 32 of the Public Contract Regulations 2015 ("PCR 2015"). Under terms and conditions of this tri-party conditional contract for the sale of freehold land with the Council and the Developer, the Council shall sell the land to Aspire for residential development on the land.
Main conditions of this sale are (a) the Council shall complete infrastructure works and a golden brick level shall be reached prior to transfer (b) Aspire shall enter into a development agreement with the Developer to complete the residential development, including design and construction of 43 affordable homes. Funding is being received for infrastructure works for this project by the Council from Homes England Brownfield, Infrastructure and Land Grant Fund.
Regulations cited
- Public Contract Regulations 2015
AI Analysis
Powered by AI — always verify against official documents
Newcastle-under-Lyme Borough Council is selling freehold land to Aspire for a residential development project. Aspire will work with Capital & Centric (Illusion) Limited to build 43 affordable homes on the site, with the Council completing infrastructure works first. The Council is funding the infrastructure through a Homes England grant.
Requirements
- Ability to enter into a tri-party conditional contract (buyer, council, and developer)
- Capacity to complete a development agreement with Capital & Centric (Illusion) Limited
- Ability to design and construct 43 affordable homes to completion
- Compliance with Homes England Brownfield, Infrastructure and Land Grant Fund conditions
- Must wait for Council to complete infrastructure works and reach 'golden brick level' before land transfer
- Must comply with Public Contract Regulations 2015 (negotiated procedure without notice under Regulation 32)
Key Tasks & Deliverables
- Negotiate and sign tri-party conditional contract with Council and Developer
- Negotiate and sign development agreement with Capital & Centric (Illusion) Limited
- Design 43 affordable homes
- Construct 43 affordable homes to completion
- Coordinate with Council's infrastructure works programme
- Take possession of freehold land once Council completes infrastructure and reaches golden brick level
How to Read This Tender
- 1This is NOT a traditional tender — it uses 'negotiated procedure without notice' (Regulation 32), which means the Council approached specific parties directly rather than opening it to public competition. Check if you've been pre-selected or if you can still express interest.
- 2'Golden brick level' is a construction industry term meaning the building has reached first-floor level — this is when the land transfers to you, so understand the Council's timeline for infrastructure.
- 3The 'tri-party contract' involves three parties (Council, you, and the Developer) — read the conditions carefully to understand who is responsible for what, especially around infrastructure completion and any financial conditions.
- 4This is a land and build package, meaning you're buying land AND committing to a specific development outcome (43 affordable homes) — you can't change the scope or specifications easily.
- 5Check the Homes England grant conditions in the full documents — these will impose requirements on affordability, timescales, and reporting that you must meet.
Tips for Small Businesses
- If you're not a major developer, consider partnering with Capital & Centric or another established housebuilder as a consortium or joint venture — they may have experience with Homes England grants and the Council's expectations.
- The affordability requirement (43 homes) is likely to be long-term — understand what 'affordable' means in this context (rent levels, tenure type, how long they must remain affordable) as this affects your profit margins and exit strategy.
- Get specialist advice on Homes England Brownfield grant conditions before you bid — these grants come with strict rules on timescales, reporting, and what happens if you can't deliver. One delay could trigger clawback of Council funding.
Before you bid, buyers check
two years of filed accountsyour financial standingturnover vs contract valueyour Companies House recordcash flow for 30-day termscredit scores and ratios
Actions
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Key Dates
Published
11 May 2026
Submission deadline
Not specified
Notice type
award
Source
find a tender
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