Decision details

To approve the scheme funding package.

(1)       To note that the most recent cost plan anticipates a total cost of £5.8m to develop the Food Park.

(2)       To approve funding of £2.0m as set out in the Economic Action Plan.

(3)       To note that £200,000 of development costs have already been approved.

(4)       To approve £200,000 of funding from anticipated savings on the DOCK project and a corresponding reduction to the approved capital spend for DOCK.

(5)       To accept an ERDF funding offer of £3.4m.

(6)       To approve the addition of the scheme to the capital programme; and

(7)       To delegate authority to the Director of Planning, Transportation and Economic Development to award the project management and construction contracts for the scheme.

Design options have been considered and amendments to the scheme made during the development stages of the project.