---
title: "Voluntary Ex Ante Transparency Notice (VEAT) - Farnworth Town Centre Development Scheme"
ocid: "ocds-b5fd17-4d263224-5ee1-416e-aaf3-d91ded0cc32a"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-4d263224-5ee1-416e-aaf3-d91ded0cc32a"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-4d263224-5ee1-416e-aaf3-d91ded0cc32a.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-4d263224-5ee1-416e-aaf3-d91ded0cc32a.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "BOLTON COUNCIL"
published: "2023-05-30"
---

# Voluntary Ex Ante Transparency Notice (VEAT) - Farnworth Town Centre Development Scheme

Buyer: BOLTON COUNCIL  
Current stage: Award  
OCID: ocds-b5fd17-4d263224-5ee1-416e-aaf3-d91ded0cc32a

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-4d263224-5ee1-416e-aaf3-d91ded0cc32a)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-4d263224-5ee1-416e-aaf3-d91ded0cc32a.json)

## Summary

The Bolton Council has awarded a £28,200,000 contract for the Farnworth Town Centre Development Scheme to Capital & Centric. The contract involves construction work and is scheduled to start on July 3, 2023, and end on July 2, 2025. The procurement stage is complete, and the tender method used was an open procedure. The project is based in England, United Kingdom, and falls under the works category.

This contract presents opportunities for businesses, especially in the construction industry, to engage with Bolton Council's development scheme. Small and medium-sized enterprises (SMEs) and Voluntary, Community, and Social Enterprise (VCSE) organisations are well-suited to compete for this project. Interested parties can contact Sarah Atherton at Bolton Council for more information.

## Notice

The contracting authority is not awarding a contract This is a 30 day VEAT Notice in respect of the proposed Farnworth Town Centre Development Scheme, due to commence on or around 3 July 2023 The scheme is publicly funded through an agreed funding strategy comprising a combination of grant and loan financing from Bolton Council Future High Street Funds, Brownfield funds, and lending from Greater Manchester Combined Authority GMCA Bolton Council intends to enter into an Option Agreement, with an annexed Buy Back Option and a Price and Overage Deed with Capital and Centric Cocoon Ltd. C&C for the planned regeneration development at Farnworth Town Centre The Option Agreement places an obligation on Bolton Council to sell the land at Farnworth Town Centre to Capital and Centric should Capital and Centric exercise the option. Should Capital and Centric exercise the option to buy the land, it can as the developer, develop the land in accordance with planning permission (subject to permitted variations) if it chooses to, but is not required to do so Bolton Council can exercise the Buy Back Option if The funding agreement with GMCA is not entered into in line with the agreed funding strategy; and/or A forward purchase agreement is not entered into in line with the agreed funding strategy; and/or There is, broadly, an insolvency event in relation to CandC and or Practical completion of the development is not reached within a certain timeframe The Price and Overage Deed allows for deferred consideration payable for the property to Bolton Council shortly after practical completion which will be secured by way of a charge

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/b767761c-a3f5-4731-9695-abd98b8479c6 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Works |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | SME, VCSE |
| Awardee scale | SME |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 30 May 2023 |
| Submission deadline | 30 May 2023 |
| Future notice date | Not specified |
| Award date | 29 May 2023 |
| Contract period | 2 Jul 2023 - 2 Jul 2025 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £28,200,000 |
| Lots value | Not specified |
| Awards value | £28,200,000 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | BOLTON COUNCIL |
| Locality | BOLTON |
| Post town | Bolton |
| Postcode | BL1 1RU |
| Country | England |
| ITL 1 | TLD North West (England) |
| ITL 2 | TLD3 Greater Manchester |
| ITL 3 | TLD36 Greater Manchester North West |
| Local authority | Bolton |
| Electoral ward | Queens Park & Central |
| Westminster constituency | Bolton North East |
| Delivery location | TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | CAPITAL & CENTRIC |

## CPV Codes

### Divisions

- 45 - Construction work

### Codes

- 45000000 - Construction work

## Release History

- 30 May 2023 at 16:31 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/b767761c-a3f5-4731-9695-abd98b8479c6

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/b767761c-a3f5-4731-9695-abd98b8479c6
  30th May 2023 - Awarded contract notice on Contracts Finder
- https://www.find-tender.service.gov.uk/Notice/015310-2023?origin=SearchResults&p=1
  Link to Find a Tender

## Notice URLs

- http://www.bolton.gov.uk/

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-4d263224-5ee1-416e-aaf3-d91ded0cc32a. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-4d263224-5ee1-416e-aaf3-d91ded0cc32a.json.