Issue - meetings

Report of the Economic Growth & Regeneration Manager

Consideration was given to a report of the Economic Growth and Regeneration Manager, which was referred by Cabinet to seek budget approval for the development of Hill Crest Park in Calverton, a small close of eight Council owned business units aimed at Small Medium Enterprises (SME’s).

RESOLVED to:

1)    Approve the addition of this project to the capital programme for 2023/24; and

2)    Establishment of a budget of £1,387,769 to be funded from a combination of borrowing, external funding, and earmarked reserves

Report of the Head of Regeneration and Welfare.

The Economic Growth and Regeneration Manager introduced a report, which had been circulated in advance of the meeting, seeking approval to develop Hill Crest Park in Calverton (the Site), and to recommend to Council that budget approval is given for this development.

RESOLVED to:

1)    Approve the Hill Crest Park Extension project business case subject to funding and budget approval;

2)    Approve Officers to continue with the funding approval process with D2N2 LEP

3)    Delegate authority to the Chief Executive in consultation with the Legal Services Manager to sign off the business case submission and enter into a legal agreement with the D2N2 LEP to deliver the scheme, should the business case be successful; and

4)    Recommend that Council approves the addition of this project to the capital  programme for 2023/24, and establishes a budget of £1,387,769 to be funded from a combination of borrowing, external funding and earmarked reserves.