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 Limited: Development Agreement: Char Sion, Sion Village, St. John: Approval

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While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.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 25 October 2024:

Decision Reference:  MD-TR-2024-799

Public

Subject: Andium Homes Ltd: Approval to enter into a Development Agreement relating to the development at Cher Sion, Sion Village, St John

 

Report Title: WR - Andium Homes Ltd: Approval to enter into a Development Agreement relating to the development at Cher Sion, Sion Village, St John

Exempt (Article 33(a))

Decision(s):

The Minister for Treasury and Resources decided to provide approval for Andium to acquire the site known as Cher Sion, Sion Village, St John (the Site); provide approval for Andium to enter into a Development Agreement relating to the redevelopment of the Site (the Development); and agree that the acquisition of the Site and the Development will be funded from Andium’s Revolving Credit Facility.

Reason for Decision(s):

In signing MD-TR-2020-0014, the then 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.”  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 for a development of this size, 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 objectives of delivering new homes for social rental and assisted purchase and is aligned to Andium’s vision and stated aims within its Strategic Business Plan.

Resource Implications: There are no additional resource implications, financial or manpower as a result of this decision for the Government of Jersey. The costs of development of the Site will be borne by Andium.

 

Action Required: The Minister’s Private Secretary to notify the Head of Shareholder Relations once this decision has been approved.   The Head of Shareholder Relations to advise the Chief Finance and Operating Officer of Andium Homes Ltd that Ministerial approval has been provided with respect to the entry by Andium into the Development Agreement.

Signature:

 

 

Signed By: Minister for Treasury and Resources

Date Signed:

 

 

Date of Decision (If different from Date Signed):

 

 

Back to top
rating button