Decision details

Decision to invest in a building in which the Council has an equitable interest in order to secure inward investment.

1)     To approve capital expenditure of £2.965m to improve 20-40 New Walk so it can be brought back into commercial use.

2)     That this decision be considered urgent and no call-in be allowed due to the need to commence the building work in order to satisfy the end users timetable for their occupation in June 2015. If the building is not made suitable for their needs, they will locate their operation to another city in the UK.

NB. The report associated with this decision is marked “Not for Publication” because it contains exempt information as defined in Part 1 and Part II of Schedule 12A to the Local Government Act 1972.

Part 3 - Information relating to the financial or business affairs of any particular person (including the authority holding that information).

Part 5 - Information in respect of which a claim to legal professional privilege could be maintained in legal proceedings.

No other options to be considered.