Under the terms of a section 106 planning
agreement, since 2003 the South Bank Employers’ Group (SBEG)
has provided specified operational and community initiatives in the
South Bank area on behalf of the Council. These are financed by
payments that the Council receives annually from the operator of
the Lastminute,com London Eye. The Council makes payment to SBEG in
arrears on the basis of goods provided and services rendered
according to an agreed programme of work. The forecast expenditure
in 2020/21 is £950,000 with the first quarterly payment being
due for payment on 1 July 2020.
Decision type: Key
Reason Key: 4. Both, Financial and Community Impact;
Decision status: For Determination
Notice of proposed decision first published: 29/06/2020
Decision due: Not before 28 Jul 2020 by Deputy Leader of the Council (Inclusive Economy and Equalities)
Lead member: Deputy Leader of the Council (Inclusive Economy and Equalities)
Lead director: Strategic Director: Resident Services
Department: Resident Services
Contact: Caroline Pitrakou, Programme Office Manager Email: cpitrakou@lambeth.gov.uk Tel: 020 7926 1260.