Purpose

The Cabinet previously
gave approval to the redevelopment of Bird Hall Lane Industrial
Estate into Cheadle Eco Business Park and redevelopment at
Adswood Depot on 5 December
2023.  This report provides an update on
the progression of these proposals.

Content

The Cabinet has
considered an update on the redevelopment taking place at Cheadle
Eco Park and the Adswood Depot sites,
and has:-
 
(1) Noted the contents
of the report and the progress made on the developments to
date.
 
(2) Noted the updated
financial modelling provided in the confidential appendix 4 and
give approval to the funding request on the terms and basis set out
in the appendix.
 
(3) Delegated
authority to the Deputy Chief Executive (Services to Place) and
Director of Finance (Corporate and Support Services) in
consultation with the Cabinet Member of Finance & Resources and
the Cabinet Member for Economy, Regeneration & Skills to take
all steps necessary and required for the delivery of the Cheadle
Eco Business Park and Adswood Depot
redevelopments, including appointment of any professional services
consultants or construction contractors to deliver both
projects.
 
(4) Delegated
authority to the Assistant Director of Governance to take such
steps and complete such agreements and contracts as are necessary
to implement the resolutions recommended in this report and any
decisions properly made under authority delegated by these
resolutions.
 
(NOTE: An appendix to
the report contained information ‘Not for Publication’
that had been circulated to members of the Cabinet only).

Alternative options considered

None.