Issue - meetings

To receive the report regarding Chesterford Research Park - Future Development Update.

The Director of Finance and Corporate Services summarised his report which set out progress on a number of projects that would initially be funded from the remaining available funding of £14,474,000.

He outlined the latest situation re:

·         Building 800 – BREEAM had provided an Excellent rating.

·         Solar Green Energy Hub – indicative timetable slippage had occurred due to delays over the S106 Agreement.

·         Building 1100/1200 – this will be brought to Planning Committee and Members stressed the need for presentations in advance.

The Chair again stressed the importance of maintaining a balanced Portfolio of around £300m.

Members recognised the significant size of the site at 260 acres and the great potential in moving forward; also given that census figures showed a significant increase in numbers. It was noted that the Council might look to sell one of its assets in order to secure sufficient funds to move forward on other projects.

Members supported the current projects being undertaken, and agreed, subject to individual business cases, as appropriate, to support the ongoing park development programme.