---
title: "Farnworth Town Centre Development Scheme"
ocid: "ocds-h6vhtk-03d0ad"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-03d0ad"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-03d0ad.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-03d0ad.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "BOLTON COUNCIL"
published: "2023-05-31"
---

# Farnworth Town Centre Development Scheme

Buyer: BOLTON COUNCIL  
Current stage: Award  
OCID: ocds-h6vhtk-03d0ad

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## Summary

The Bolton Council has recently awarded the contract for the Farnworth Town Centre Development Scheme with a total value of £28.2m to Capital & Centric (Cocoon) Limited. The tender process, initiated under a limited procurement method without prior publication, has now been completed with the contract expected to be signed on 3rd July 2023. The scheme involves building construction works funded through a mix of grants, loans, and financing, presenting an opportunity for land disposal and development in Farnworth Town Centre, UK.

This contract presents growth opportunities for businesses in the construction and development industry. Companies specialising in building works, residential and commercial development, and public-private partnerships would be well-suited to compete. As the project involves a varied mix of residential and commercial units, businesses with experience in similar urban regeneration projects would find this tender particularly relevant. The contract provides a chance to work with Bolton Council on a significant redevelopment initiative that aims to revitalise the Farnworth Town Centre area.

## 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. 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.

### 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/015423-2023 |
| 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 | 31 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 | Not specified |
| 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

- 45210000 - Building construction work

## Release History

- 31 May 2023 at 14:06 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/015423-2023

## Notice URLs

- http://www.bolton.gov.uk
- https://www.capitalandcentric.com/

## 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-03d0ad. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-03d0ad.json.