Decision Maker: Executive
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
As a result of the Covid-19 impact, and in light of a changing economy the proposed capital investments at Daedalus have been reviewed to help determine the future financial implications for the Council. This report addresses the proposed capital investment on Faraday Business Park.
RESOLVED that following consideration of the potential impact(s) of Covid-19, the Executive agrees:
(a) to continue funding of £5 million, as agreed by the Executive on 07 January 2019, to construct new industrial/business units at Faraday Business Park; and
(b) the appointment of a contractor for the development is delegated to the Director of Planning and regeneration following consultation with the Executive Member for Policy and Resources.
Report author: Richard Jolley
Publication date: 09/09/2020
Date of decision: 07/09/2020
Decided at meeting: 07/09/2020 - Executive
Effective from: 19/09/2020
Accompanying Documents: