Advanced Manufacturing and Engineering Centre - Gateway 4
July 23, 2024 Cabinet (Cabinet collective) Key decision Awaiting outcome View on council websiteThis summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.
Summary
The Cabinet decided to note the current position and deliverability challenges of the Advanced Manufacturing and Engineering Centre Project and agreed for it to progress to the next Gateway. This decision was made on 23/07/2024. The project will utilise up to £450,000 from accumulated funding generated from Pot B Enterprise Zone receipts.
Full council record
Purpose
The Cabinet will be asked to consider and give approval to restart the Advanced Manufacturing and Engineering Centre Project in Bury St Edmunds and fund the next gateway of the project from income received from the retained business rates derived from Suffolk Park Enterprise Zone.
Decision
Resolved:
That:
- The current position and deliverability challenges of the Advanced Manufacturing and Engineering (AME) project as set out in section 2 of Report number: CAB/WS/24/034, be noted.
- Taking into account the risks set out in section 5 of Report number: CAB/WS/24/034, it be agreed for the AME project to progress to the next Gateway (Gateway 4), utilising up to £450,000 from accumulated funding generated from Pot B Enterprise Zone receipts.
Supporting Documents
Details
| Outcome | For Determination |
| Decision date | 23 Jul 2024 |
| Effective from | 2 Aug 2024 |
| Expected date | 9 Jul 2024 |
| Originally due | 9 Jul 2024 |
| Lead officer | Julie Baird, Andrea Mayley |
| Subject to call-in | Yes |