William Cornall, the Director for Regeneration & Place,
presented an update on the Brunswick and Union Street
Committee noted that the following changes had occurred to the
viability of the scheme, which had meant that overall financial
viability had improved:
·The Council had been awarded £658,000 from the
government’s Land Release Fund to help fund the development;
·A payment was required to be made to an existing
tenant on the site to incentivise them to give up their lease
early. This decision was contained in the existing delegation
already granted by the Committee.
RESOLVED:Thatthe report is noted.
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