Issue - meetings

Crawley Innovation Centre - Draft Business Case

Meeting: 24/11/2021 - Cabinet (Item 15)

15 Crawley Innovation Centre - Draft Business Case

Planning and Economic Development Portfolio

 

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Information relating to the financial or business affairs of any particular person (including the authority holding that information)

 

To consider report PES/392 of the Head of Economy and Planning, which was referred to the meeting of the Overview and Scrutiny Commission on 22 November 2021.

 

 

 

Additional documents:

Decision:

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Information relating to the financial or business affairs of any particular person (including the authority holding that information)

 

 

RESOLVED

 

That the Cabinet

 

a)         approves the submission of the Crawley Innovation Centre business case (Appendix A) to the Coast to Capital Local Enterprise Partnership in order to seek their approval to grant £8.6 million of Getting Building Fund to Crawley Borough Council to deliver the Crawley Innovation Centre project.

 

b)         delegates authority to the Head of Economy and Planning and the Head of Corporate Finance in consultation with the Cabinet Member for Planning and Economic Development to make any technical modifications required to the wording and content of the business case prior to submission of the final draft of the business case to the Coast to Capital Local Enterprise Partnership.

 

c)         delegates to the Asset Manager in consultation with the Chief Executive, the Leader of the Council, the Cabinet Member for Planning and Economic Development and the Head of Corporate Finance to acquire a suitable property if necessary for the Crawley Innovation Centre should one become available.

 

 

The Cabinet recommends to Full Council to

 

agree to increase the capital programme budget for the Innovation Centre by £8.6m subject to receiving approval from the LEP that the bid is successful and that they will provide the £8.6m grant.  This is also subject to a viable business case that satisfies the s151 officer being received on the revenue financial implications to the Council of the project.

 

 

Reasons for the Recommendations

 

a)         To enable the Council to submit and present the business case for the Crawley Innovation Centre project to the Coast to Capital Local Enterprise Partnership (LEP) with a view to securing approval from the LEP for the allocation of £8.6 million of Getting Building Fund monies to the Council to deliver the Crawley Innovation Centre project.

 

b)         To enable the Council to acquire a suitable property should one become available if necessary to enable delivery of the Crawley Innovation Centre project.

 

c)         To enable the allocation of £8.6 million to the CBC capital programme, subject to:

 

·           LEP approval of the Getting Building Fund monies;

·           Full Council approval

·           The viability of the business case satisfying the Council’s s151 officer

 

 

Minutes:

Exempt Paragraph 3

Information relating to the financial or business affairs of any particular person (including the authority holding that information)

 

The Cabinet Member for Planning and Economic Development presented report PES/392of the Head of Economy and Planning.  The report requested Cabinet to consider the business case for the design, build and delivery of the Crawley Fusion Innovation Centre, proposed to be located in Manor Royal, fully financed by the government's Getting Britain Building Fund through the Coast to Capital Local Enterprise Partnership. The Cabinet report included an evaluation of a full business case for the scheme.

 

Councillor T Belben presented the Overview and Scrutiny Commission’s comments on the report to the Cabinet following consideration of the matter at its meeting on 22 November 2021, which included the Commission’s support for the Innovation Centre.

 

 

RESOLVED

 

That the Cabinet

 

a)         approves the submission of the Crawley Innovation Centre business case (Appendix A) to the Coast to Capital Local Enterprise Partnership in order to seek their approval to grant £8.6 million of Getting Building Fund to Crawley Borough Council to deliver the Crawley Innovation Centre project.

 

b)         delegates authority to the Head of Economy and Planning and the Head of Corporate Finance in consultation with the Cabinet Member for Planning and Economic Development to make any technical modifications required to the wording and content of the business case prior to submission of the final draft of the business case to the Coast to Capital Local Enterprise Partnership.

 

c)         delegates to the Asset Manager in consultation with the Chief Executive, the Leader of the Council, the Cabinet Member for Planning and Economic Development and the Head of Corporate Finance to acquire a suitable property if necessary for the Crawley Innovation Centre should one become available.

 

 

The Cabinet recommends to Full Council to

 

agree to increase the capital programme budget for the Innovation Centre by £8.6m subject to receiving approval from the LEP that the bid is successful and that they will provide the £8.6m grant.  This is also subject to a viable business case that satisfies the s151 officer being received on the revenue financial implications to the Council of the project.

 

 

Reasons for the Recommendations

 

a)         To enable the Council to submit and present the business case for the Crawley Innovation Centre project to the Coast to Capital Local Enterprise Partnership (LEP) with a view to securing approval from the LEP for the allocation of £8.6 million of Getting Building Fund monies to the Council to deliver the Crawley Innovation Centre project.

 

b)         To enable the Council to acquire a suitable property should one become available if necessary to enable delivery of the Crawley Innovation Centre project.

 

c)         To enable the allocation of £8.6 million to the CBC capital programme, subject to:

 

·           LEP approval of the Getting Building Fund monies;

·           Full Council approval

·           The viability of the business case satisfying the Council’s s151 officer

 


Meeting: 22/11/2021 - Overview and Scrutiny Commission (Item 12)

12 Crawley Innovation Centre - Draft Business Case

Exempt Paragraph 3

Information relating to the financial or business affairs of any particular person (including the authority holding that information)

 

To consider report PES/392 of the Head of Economy and Planning.

Additional documents:

Minutes:

Exempt Paragraph 3

Information relating to the financial or business affairs of any particular person (including the authority holding that information)

 

The Commission considered report PES/392 of the Head of Economy and Planning. The report requested Cabinet to consider the business case for the design, build and delivery of the Crawley Fusion Innovation Centre, proposed to be located in Manor Royal, fully financed by the government's Getting Britain Building Fund through the Coast to Capital Local Enterprise Partnership. The Cabinet report will include an evaluation of a full business case for the scheme, the development of which is being fully funded by the Coast to Capital LEP.

 

During the discussion with the Cabinet Member for Planning and Economic Development and Head of Economy and Planning, Councillors made the following comments:

·         Recognition that the option proposed enabled the Council to acquire a suitable property should one become available to enable delivery of the Crawley Innovation Centre project.

·         There was overall support for the proposal which potentially could result in exciting opportunity for the town.

 

RESOLVED

That the Commission noted the report and requested that the views expressed during the debate, were fed back to the Cabinet through the Commission’s Comment sheet.