17. What happens if a suitable development partner cannot be found?
If there is insufficient interest in the project by developers, or the procurement process does not result in a suitable partner being selected, then the Council will need to decide, in consultation with Homes England, the next steps.
One option that will be considered is that if the enabling infrastructure works have not already been delivered by the Council (see Q6), these works may be undertaken at this stage in order to ‘de-risk’ the site further and make it more viable and attractive as a development proposition.
The Council may also wait for the market conditions to be right or respond to further funding opportunities to improve the viability of the scheme.