Decision details

This report provides an update on the Council’s £8.3m investment project at Daedalus, to update the Executive on proposals to be implemented in order to achieve the Council’s published Vision in the future and to make recommendations for investments to deliver elements of this.

RESOLVED that the Executive:

(a)  note the progress on Daedalus to date and the progress towards implementing the Vision in  future years;

(b)  agrees to the inclusion of the following schemes in the 2016/17 capital programme;

·         Development of a new hanger and associated office space for existing airfield tenant at the indicative cost of £4.3m

·         Development of six new hangers suitable for relocation of existing businesses and attracting new businesses at an indicative cost of £3m.

·         Development of five new existing general aviation tenants and attracting new locally based aircraft an indicative cost of £1.5m;

(c)  agree to delegate authority to the Director of Finance and Resources  to award the tenders to build the new hangers, subject to the cost being within the allocated budget; and

(d)  appoints members to a new Daedalus Asset Development Members Working Group.