Decision details

(Report of Chief Executive)

The report set out details of a proposal for the creation of a business facility to support the development of ‘fledgling’ businesses within vacant office space at Gibson Building, Kings Hill, as part of the Council’s Economic Regeneration Strategy to facilitate economic growth within the Borough. 

Following consideration by the Economic Regeneration Advisory Board, the Cabinet Member for Economic Regeneration resolved that:

(1)          the proposed Gibson Building Business Facility be supported in principle;

(2)          the engagement with key partners by the Economic Regeneration Officer be supported in order to help promote take up of the new facility by local businesses; and 

(3)          a report regarding proposed financial arrangements related to the new facility be submitted to the Finance, Innovation and Property Advisory Board.