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Decision details
Development Opportunities on Churchfields Estate
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Decisions:
The Assistant Director Financial Services and Revenues and the Assistant Director Regeneration and Culture presented a report to agree the inclusion of the “Sidney Little Road Business Incubator Hub” within the capital programme subject to the receipt of grant funding. A decision is expected on or around the 8th March 2019.
The report further highlights the current funding requirements in order to develop the remaining two sites on Council owned land on Sidney Little Road and includes details of the potential developments that are being proposed.
Cllr Chowney spoke to the recommendations without moving to agree.
Councillors agreed to vote on the recommendations for both agenda items 11 and 12 in the part 2 relating to this item. This was to save voting on it twice, as the recommendations are the same.
RESOLVED (unanimously) that:
Recommendation(s)
1. To agree the inclusion of the Sidney Little road Business Incubator Hub within the Capital programme with an estimated budget, including fees of £2.8m.
2. To seek external funding for the shortfalls, and/ or negotiate options with interested parties, based on the potential unit sizes.
(i) Plot 2 - 35 Sq ft factory unit
(ii) Plot 3 - 3 to 8 Factory units (flexible sizes)
3. Cabinet to note the potential Capital expenditure of £10m in total for the 3 sites should viable proposals be received or external funding bids be successful.
Reasons for Recommendations:
The land is allocated for employment use in the Development Management Plan (DMP). The site is in the Council’s ownership and offers opportunities for development. The schemes are sufficiently worked up to identify funding shortfalls and seek external grants, undertake negotiations to develop the sites.
Should external funding be received there is a ready-made opportunity to help address unemployment and improve the economic opportunities for companies within the town, in line with Corporate Plan objectives.
The Council expects to learn the outcome of an external funding bid in early March 2019 and needs to be ready to progress the development of the site – should the Cabinet agree to make funding available.
Report author: Debbie Pearce
Publication date: 10/04/2019
Date of decision: 04/03/2019
Decided at meeting: 04/03/2019 - Cabinet
Accompanying Documents:
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