The Council, working with Sanofi, bid for the GLA to purchase, through the London Growth Fund, the science facilities at the Sanofi site and run them as a multi-occupancy science and technology park. The Council is not able to contribute match funding. The Cabinet will be asked to consider the Council giving additional flexibility in terms of business rates for vacant units to support the business plan for the park and a potential alternative option of the Council investing in the technology park
Decision type: Key
Decision status: Abandoned
Wards affected: Eastbrook;
Notice of proposed decision first published: 22/04/2013
Issue Category: Financial;
Decision due: 18 Dec 2013 by Cabinet
Lead member: Regeneration Portfolio
Department: Finance & Investment
Contact: Jeremy Grint, Commissioning Director, Growth, Homes & Regeneration Email: jeremy.grint@lbbd.gov.uk Tel: 020 8227 2443.