---
title: "Voluntary Ex Ante Transparency Notice (VEAT) - Farnworth Town Centre Development Scheme"
ocid: "ocds-h6vhtk-03d060"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-03d060"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-03d060.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-03d060.json"
source: "Find A Tender Service"
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-h6vhtk-03d060

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## Summary

The Bolton Council has completed the procurement process for the Voluntary Ex Ante Transparency Notice related to the Farnworth Town Centre Development Scheme. This construction work project involves the regeneration development at Farnworth Town Centre and includes a mix of residential and commercial units. The contract has been awarded to Capital & Centric (Cocoon) Limited. The procurement method used was the Award procedure without prior publication of a call for competition. The contract value is £28,200,000, and the contract was signed on 30th May 2023.

This tender presents business growth opportunities for companies specializing in construction work. Businesses interested in regeneration projects, residential and commercial property development could find this opportunity appealing. The project is primarily focused on the development and regeneration of the Farnworth Town Centre area, offering potential for growth and collaboration in the construction industry. Companies with expertise in urban development and construction financing may be well-suited to compete for this tender.

## 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.

### Lot Information

Lot 1

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 & Overage Deed with Capital & 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 C&C should C&C exercise the option. Should C&C 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; i. The funding agreement with GMCA is not entered into in line with the agreed funding strategy; and/or ii. A forward purchase agreement is not entered into in line with the agreed funding strategy; and/or iii. There is, broadly, an insolvency event in relation to C&C; and/or iv. Practical completion of the development is not reached within a certain timeframe. The Price & 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.

### Procurement Information

Bolton Council considers that the contract with C&C for the regeneration development at Farnworth Town Centre falls outside the scope of Public Contract Regulations 2015 ("PCR 2015") as it is not a public works contract. The site at Farnworth Town Centre has been fully vacant for twelve months and provides an opportunity for land disposal and development to regenerate the area. The development will include a varied mix of residential units and commercial units. Whilst Bolton Council has set certain requirements in relation to any development that takes place, C&C is not required to develop the land at all. In any event, if C&C does develop the land, certain variations are permissible to the requirements.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/015310-2023 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Works |
| Procurement method | Limited |
| Procurement method details | Award procedure without prior publication of a call for competition |
| Tender suitability | Not specified |
| Awardee scale | SME |
| All stages | Award |

## Dates

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

## Values

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

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Cancelled |
| Awards status | Active |
| Contracts status | Active |

## 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 | TLD3 Greater Manchester |

## Supplier

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

## CPV Codes

### Divisions

- 45 - Construction work

### Codes

- 45000000 - Construction work

## Release History

- 30 May 2023 at 16:18 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/015310-2023

## 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-h6vhtk-03d060. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-03d060.json.