Business Incubation and the Brampton Centre
Item referred by the Cabinet Member for Economic Regeneration and Development Services – Minute No. 246 of 19th March, 2007 refers.
Business Development Manager, RIDO, to report.
- to inform the Board of current developments.
Additional documents:
Business Incubation and the Brampton Centre
Business Development Manager to report.
- to review the role for the Brampton Business Centre within the Business Incubation Strategy and the implications this has on future lease arrangements.
Additional documents:
Minutes:
Consideration was given to a report, presented by the Business Development Manager, RIDO, relating to a review of the role for the Brampton Business Centre within the context of the Council’s Business Incubation Strategy and the implications this would have on the future lease arrangements.
Details of the background to this issue were reported with particular reference to:-
Consideration was given to the two Options identified in the report., noting the need to balance the current and future needs of tenants with the cost to the Council and the impact on the Council’s reputation in the area of business incubation.
Resolved:- (1) That the Director of RiDO seek to agree a new lease expiring on 31 March 2009 (3 years from the date of expiry of the existing lease).
(2) That support be given to the tenants of the Business Centre to facilitate relocation to suitable alternative premises, including other Business Centres and commercial property.
(3) That a meeting be arranged with existing tenants to ensure they are fully informed of the future proposals for the Centre.
(4) That the financial implications of a managed exit from the Brampton Centre be noted.
(5) That the report be referred to the Regeneration and Asset Board as requested under Minute No. 62 of the Regeneration and Asset Board held on 18th October, 2006.