Issue - meetings

(i)                            That the progress made to date on the development of the Chatterley Valley Industrial Park be noted

(ii)                          That a further report be received detailing both the full business case and the evaluation of the full business case, once completed, to enable a decision to be taken regarding future investment in this project.

The Leader introduced a report updating Cabinet on Plot C of the Chatterley Valley West project and sought approval for a full business case review of the potential investment into small industrial units.

The Portfolio Holder for Finance, Town Centres and Growth stated that this development was for three separate units that would be sub-divided into smaller units which, upon completion the Council would purchase them and rent them out, generating income for the Council.  The smaller units across the Borough were in great demand and the proposed units would be slightly bigger to enable businesses to expand.

Resolved:     (i)         That the progress made to date on the development of

the Chatterley Valley Industrial Park be noted

(ii)          That a further report be received detailing both the full business case and the evaluation of the full business case, once completed, to enable a decision to be taken regarding future investment in this project.

Watch the debate here