Skip to main content Skip to accessibility
This website is not compatible with your web browser. You should install a newer browser. If you live in Jersey and need help upgrading call the States of Jersey web team on 440099.
Government of Jerseygov.je

Information and public services for the Island of Jersey

L'înformâtion et les sèrvices publyis pouor I'Île dé Jèrri

Andium Homes Ltd: Approval to enter into a Development Agreement relating to the Ann Street Brewery site

A formal published “Ministerial Decision” is required as a record of the decision of a Minister (or an Assistant Minister where they have delegated authority) as they exercise their responsibilities and powers.

Ministers are elected by the States Assembly and have legal responsibilities and powers as “corporation sole” under the States of Jersey Law 2005 by virtue of their office and in their areas of responsibility, including entering into agreements, and under any legislation conferring on them powers.

An accurate record of “Ministerial Decisions” is vital to effective governance, including:

  • demonstrating that good governance, and clear lines of accountability and authority, are in place around decisions-making – including the reasons and basis on which a decision is made, and the action required to implement a decision

  • providing a record of decisions and actions that will be available for examination by States Members, and Panels and Committees of the States Assembly; the public, organisations, and the media; and as a historical record and point of reference for the conduct of public affairs

Ministers are individually accountable to the States Assembly, including for the actions of the departments and agencies which discharge their responsibilities.

The Freedom of Information Law (Jersey) Law 2011 is used as a guide when determining what information is be published. While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.

A decision made 6 April 2020:

Decision Reference:  MD-TR-2020-0043

Decision Summary Title:

Andium Homes Ltd: Approval to enter into a Development Agreement relating to the Ann Street Brewery site

Date of Decision Summary:

6 April 2020

Decision Summary Author:

Head of Shareholder Relations

Decision Summary:

Public or Exempt?

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

N/A

Written Report

Title:

Andium Homes Ltd: Approval to enter into a Development Agreement relating to the Ann Street Brewery site

Date of Written Report:

6 April 2020

Written Report Author:

Head of Shareholder Relations

Written Report :

Public or Exempt?

Exempt – FOI

Article 33

Subject:

Andium Homes Ltd (“Andium”): Approval to enter into a Development Agreement relating to the Ann Street Brewery site.

Decision(s):

The Assistant Minister for Treasury and Resources decided to:-

 

  • provide approval for Andium to enter into a Development Agreement relating to the development of the site known as Ann Street Brewery site, St Helier (“the Development”), which includes the disposal of the Brew House property; and

 

  • agree that the Development will be funded from Andium’s Revolving Credit Facility up to a maximum budget of £78,292,000.

 

The approval to be subject to the following conditions:-

 

  • Further approval by the Andium Board and the Assistant Minister following receipt of planning permission for the Development in the event that the budget exceeds the current estimate of £78,292,000.
  • Confirmation of the outcome of the planning process is provided to the Assistant Minister, to include the final number of units and the new budget for the Development.

Reason(s) for decision:  

In signing MD-TR-2020-0014, the Assistant Minister for Treasury and Resources required Andium to continue to seek his approval for all Agreed Projects, including their funding mechanism, prior to commencement. P.129/2014 (Budget 2015) Appendix C defines an Agreed Project as “ a project in Jersey selected by the Housing Trust/Association/Company and approved by the Minister for Treasury and Resources as part of an agreed Business Plan or otherwise.”

The Development is part of Andium’s Strategic Business Plan 2019-23 as approved by the Assistant Minister for Treasury and Resources in October 2019, however this did not include the disposal of the asset known as the Brew House.

A third party assurance review has been completed and has not identified any matter which raises risks which cannot be mitigated or addressed by Andium.

There are currently insufficient monies available in the Housing Development Fund to provide a loan, therefore Andium will utilise their Revolving Credit Facility to fund the cost of this Development.

 

This approval is required for Andium to progress its strategic objective of developing the Ann Street Brewery site and is aligned to Andium’s vision and stated aims within its Strategic Business Plan and is compatible with the emerging Island Plan strategy.

 

Resource Implications:

There are no additional resource implications, financial or manpower as a result of this decision for the Government of Jersey. All costs will be borne by Andium.

Action required:

The Head of Financial Governance to notify the Head of Shareholder Relations once this decision has been approved.

 

The Head of Shareholder Relations to advise the Finance Director of Andium Homes Ltd that Ministerial approval has been provided for Andium to enter into the Development Agreement.

 

Signature:

 

 

Position: Deputy L. Ash, Assistant Minister for Treasury and Resources

 

Date Signed:

 

Date of Decision:

 

 

Back to top
rating button