Decision details

To approve funds for the delivery of ten new light industrial units (Quadrant 2); and to agree and fund a future 4-year capital investment plan for Dorset Innovation Park. This will include the construction of an amenity centre, redevelopment of the existing gatehouse and the purchase of adjoining land to expand the size of the Park.

(a)  That funding (£3.1m plus 20% contingencies) for the delivery of ten new light industrial units (Quadrant 2) at Dorset Innovation Park (DIP), be approved

(b)  That authority be delegated to the Executive Director for Place in consultation with the Portfolio Holder for Economic Growth, Assets & Property, and the Section 151 Officer, to implement the Quadrant 2 proposals, as set out in the paper to Cabinet on 21 June 2022.

(c)  That the outline four-year capital investment plan for DIP estimated at £11.5m plus 20% contingencies, be noted. (Formal funding approval will be sought through the 2023/24 budget setting process)

Reason for the decision

To enable the construction of new light industrial units at DIP enabling DIP to capitalise upon the investment of the Defence BattleLab, creating both new jobs and a financial return to the Council.