Decision details

28.1     The Lead Member considered a report by the Director of Communities, Economy and Transport.

DECISIONS

28.2     The Lead Member RESOLVED to (1) approve grant funding to the value of £1.4m to Westcott Leach Ltd to fund the delivery of the site infrastructure associated with the Swallow Business Park;

(2) agree to enter into a supplemental legal agreement to the grant agreement to ensure the delivery, at no cost to the County Council, of the first phase of speculative business space on Swallow Business Park by Westcott Leach Ltd; and 

(3) delegate authority to the Director of Communities, Economy and Transport to approve the terms of any agreements and to take all other necessary actions in respect of recommendation (1). 

Reasons

28.3     Swallow Business Park is one of the Local Growth Deal schemes to come forward in East Sussex and its delivery will help unlock employment space and create jobs in the A22/A27 Eastbourne/South Wealden corridor.

28.4     Westcott Leach Ltd are a well established SME with a focus and extensive experience in local property development in Sussex.  The award of funding will allow Westcott Leach Ltd to bring forward the enabling infrastructure to unlock the Swallow Business Park.