This report seeks consideration of financial support for the Dalton Industrial Estate feasibility and design work.

The subject of the decision:

This report sought financial support of up to £165,000 for the Dalton Industrial Estate feasibility and design work for infrastructure improvements.

Alternative options considered:

None.

The reason for the decision:

To support the delivery of the Council’s objective to support local economic growth.

THE DECISION:

That:-

(1)     an allocation of £65,000 be approved from the Economic Development Fund to complete the valuation and site investigation studies; and

(2)     a capital grant be awarded to Dalton Businesses for 50% of the detailed design costs up to a maximum of £100k, subject to:-

          (i)      a formal agreement being in place regarding the constitution of the Dalton Businesses;

          (ii)      agreement by the businesses to contribute 50% of the costs of the detailed design costs; and

          (iii)     the results of the valuations and site investigations proving positive.