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.