The formation of spatially localized patterns in a system with subcritical instability under feedback control with delay is investigated within the framework of globally controlled Ginzburg-Landau equation. It is shown that feedback control can stabilize spatially localized solutions. With the increase of delay, these solutions undergo oscillatory instability that, for large enough control strength, results in the formation of localized oscillating pulses. With further increase of the delay the solution blows up.