(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.